Trading Edges That Last
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Lawrence's Comment Recap Y-0 breached to the downside after a weak attempt to push higher failed. Y-1 tagged and Aussie stayed weak since. Closed the week below midpoint and near Y-1. Outlook As ...READ MORELawrence's Comment Recap Dow provided the reason to go higher but it is ES that showed us what short squeeze can really do. Excluding the Y-1 low, ES did almost 40-point run ...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 MOREIntraday Cycle Projection (GBPUSD) 2013-04-08Intraday Cycle Projection (GBPUSD) 2013-05-23USDCAD Nov 26 to Nov 30 OutlookIntraday Cycle Projection (GBPUSD) 2020-08-24Precog Vision – Forex 2023-5-23DP Odds Table (GBPUSD) 2012-12-25AUDUSD Nov 19 to Nov 23 OutlookIntraday Cycle Projection (GBPUSD) 2015-12-01S&P 500 Apr 29 to May 03 OutlookPrecog Vision – Forex 2022-8-30
As Featured In
GBPUSD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Surprise rally tagging Y+1 negated the bear flag break on 4 hours and in turn giving us STOPD shcok breakout target of Y+3. Y+3 almost tagged and cable stalled from there. Closed the week above Y+1 and near midpoint.
Outlook
Shock driven rally in a daily down trend does not change the trend on higher timeframe. This means cable has to fight the week and monthly resistance above now making it more difficult to engage this coming 2 weeks. 2 way swings expected with tight range around B-0.
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