Trading Edges That Last
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Lawrence's Comment Recap Previous week close support helped sending ninja higher. Consolidation week actions since. Closed the week near Y+1 and midpoint. Outlook Consolidation around Y+1 after a strong rally is bullish. ...READ MORELawrence's Comment Recap Initially bounced off Y-1 but failed to go above Y-0. That caught a lot of people by surprise. Surprise breakout points to normal expansion target of Y-3 ...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 MORE3DP Odds Table (GBPUSD) 2011-09-14Intraday Cycle Projection (GBPUSD) 2012-05-23GBPUSD heading towards weekly green zoneWeekly Cycle Projection (GBPUSD) 2022-12-26USDJPY Jul 25 to Jul 29 OutlookAUDUSD Oct 08 to Oct 12 OutlookPrecog Vision – Forex 2021-3-24Intraday Cycle Projection (GBPUSD) 2018-08-28Precog Vision – Forex 2022-6-6Hot n Cold (GBPUSD) 2012-12-28
As Featured In
GBPUSD Jan 02 to Jan 06 Outlook
Lawrence’s Comment
The weaknesses observed last week played out well and cable dropped below target Y-1. After 100% absolute range expansion is completed, cable bounced off and closed the week at midpoint.
Outlook
Price action is bearish. B-0 is now the critical point.
If cable managed to stage a buy setup off this level, it can pop back up to B+1 and Y+1 easily.
If a sell setup is formed off B-0, we get much lower prices.
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