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 As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the ...READ MORELawrence's Comment Recap Monday and Tuesday consolidated as expected. Then we got the selloff midweek in afterhours between Wednesday and Thursday. Since then ES rally all the way back up ...READ MORE3DP Odds Table (GBPUSD) 2022-09-20Nasdaq 100 Feb 27 to Mar 03 Outlook3DP Odds Table (GBPUSD) 2022-11-28Precog Vision – Forex 2016-10-19Intraday Cycle Projection (GBPUSD) 2012-12-18Intraday Cycle Projection (GBPUSD) 2022-05-24Nasdaq 100 Dec 12 to Dec 16 OutlookS&P 500 Apr 24 to Apr 28 OutlookGBPUSD Feb 14 to Feb 18 OutlookS&P 500 Sep 24 to Sep 28 Outlook
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Lawrence’s Comment
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
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