Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Strong gap down produced as squeeze straight back up in the beginning of the week. Yet Y+1 was not cleared. Failure to clear Y+1 gave us a test of ...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 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 MOREPrecog Vision – Forex 2011-12-15GBPUSD Jun 04 to Jun 08 Outlook3DP Odds Table (GBPUSD) 2015-09-17Weekly Cycle Projection (GBPUSD) 2020-10-05Intraday Cycle Projection (GBPUSD) 2013-05-24Nasdaq 100 May 12 to May 16 OutlookPrecog Vision – Forex 2014-2-14Precog Vision – Forex 2014-4-13DP Odds Table (GBPUSD) 2012-08-273DP Odds Table (GBPUSD) 2020-07-10
As Featured In
GBPUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed the week above Y+4 and near week high.
Outlook
Last week’s unusual breakout obviously caught many traders on the wrong side. More upside is expected.
Looking for consolidation play around B+1 at 50% range.
Share