Trading Edges That Last
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Lawrence's Comment Recap The big surprise last week came from NQ. As oppose to slide down to support level early in the week, a short squeeze sending NQ to retest ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Test of Y+1 led to breakout attempt above it. Selling stopped the run higher and Y+1 turned into resistance after. Closed the week above Y-0 and near week low. ...READ MOREPrecog Vision – Forex 2021-5-4Precog Vision – Forex 2016-3-16Nasdaq 100 Apr 09 to Apr 13 OutlookPrecog Vision – Forex 2023-1-3Hot n Cold (GBPUSD) 2020-5-8Weekly Cycle Projection (GBPUSD) 2016-05-16Dow 30 Mar 08 to Mar 12 Outlook3DP Odds Table (GBPUSD) 2011-08-09GBPUSD Sep 12 to Sep 16 Outlook3DP Odds Table (GBPUSD) 2021-11-15
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GBPUSD Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Pullback happened, but the double top formation failed to break its neckline and turned into a classic ledge finding support at Y-0. Target Y+2 tagged by middle of the week. Closed the week above Y+1.
Outlook
Euro zone feeding news and rumors out that are not truthful but enough to create a squeeze on cable and euro dollar. That means some time in near future if the promises are not fulfilled, then we get a replay of 2011 August.
As long as B-0 acts as support cable can squeeze out one more leg up to B+2 area.
If B+1 acts as resistance, cable will drop quickly down to B-2.
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