Trading Edges That Last
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Lawrence's Comment Recap Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around ...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 Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week ...READ MORE3DP Odds Table (GBPUSD) 2014-08-28Precog Vision – Forex 2016-10-19GBPUSD Jun 11 to Jun 15 OutlookPrecog Vision – Forex 2021-12-163DP Odds Table (GBPUSD) 2012-10-23Intraday Cycle Projection (GBPUSD) 2017-05-183DP Odds Table (GBPUSD) 2017-08-29GBPUSD Jan 03 to Jan 07 OutlookHot n Cold (GBPUSD) 2021-7-30Dow 30 Jul 27 to Jul 31 Outlook
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GBPUSD Feb 11 to Feb 15 Outlook
Lawrence’s Comment
Bounced back to Y-0 early in the week. Y-0 stopped the bounce and gave us a drop down to new low below Y-1. Stopped going lower before touching downside target of Y-2. Spiked above Y-0 triggered a rally back up. Stopped right after printing 100% absolute range expansion. Closed the week above Y-0.
Outlook
2nd time with very strong reaction right after previous week low was breached. Potential swing bottom in the making.
If cable can clear B+1 quickly, B+2 will be tagged quickly.
As long as B+1 acting as resistance, looking for one more try to tag the Y-1 to B-0 area before cable take off going higher.
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