Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal ...READ MORELawrence's Comment Recap Took off from long term support area and tagged my target of B+2. Closed the week at the week high. Perfect STOPD play. Outlook Short term (daily and ...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 Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and ...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 MOREHot n Cold (GBPUSD) 2019-7-12USDJPY Apr 08 to Apr 12 Outlook3DP Odds Table (GBPUSD) 2014-04-21Intraday Cycle Projection (GBPUSD) 2017-02-10Intraday Cycle Projection (GBPUSD) 2011-11-18S&P 500 Apr 30 to May 04 OutlookPrecog Vision – Forex 2022-4-7EURUSD Nov 10 to Nov 14 OutlookPrecog Vision – Forex 2021-9-93DP Odds Table (GBPUSD) 2012-12-20
As Featured In
GBPUSD Feb 22 to Feb 26 Outlook
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.
Share