Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support as expected and a double bottom was formed late in the week to break the Y+1 resistance. Outlook As long as B-0 to Y+1 acts as ...READ MORELawrence's Comment Recap Capped by previous week close / Y-0. Eventually did the test of Y-1 and took off before it was even tagged. Cleared previous week close and gave us equal ...READ MORELawrence's Comment Recap No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint. Outlook Bear flag breakout to the downside on daily points to ...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 MOREGBPUSD Jan 02 to Jan 06 OutlookIntraday Cycle Projection (GBPUSD) 2016-04-04USDJPY Jul 19 to Jul 23 OutlookAUDUSD Jun 06 to Jun 10 OutlookGBPUSD Jun 09 to Jun 13 OutlookEURUSD Jul 11 to Jul 15 OutlookAUDUSD Mar 07 to Mar 11 OutlookWeekly Cycle Projection (GBPUSD) 2023-02-27Precog Vision – Forex 2018-3-12Precog Vision – Forex 2019-4-16
As Featured In
GBPUSD Jan 05 to Jan 09 Outlook
Lawrence’s Comment
The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged by the end of the week. Closed the week below Y-2 and at week low.
Outlook
More downside is expected. Surprise announcements also expected given the European Union is now in full panic mode. This is a repeat of the bullshit we’ve seen since 2007-2008 about the European debt issues.
Based on their past track record, we are looking at at least 2 to 3 months of jawboning, news shocks from the officials until some form of agreement is made.
Smaller timeframe players will be able to better management their positions and find trading opportunities over daily swing level players because of potential sudden price shocks.
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