Trading Edges That Last
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Lawrence's Comment Recap Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. ...READ MORELawrence's Comment Recap As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the ...READ MOREPrecog Vision – Forex 2018-12-3USDCAD Mar 23 to Mar 27 OutlookHot n Cold (GBPUSD) 2012-10-9GBPUSD May 23 to May 27 OutlookGBPUSD Oct 05 to Oct 09 OutlookNasdaq 100 Jan 13 to Jan 17 OutlookDow 30 Jul 29 to Aug 02 OutlookIntraday Cycle Projection (GBPUSD) 2021-03-30Intraday Cycle Projection (GBPUSD) 2013-08-06Intraday Cycle Projection (GBPUSD) 2012-09-20
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GBPUSD Jan 13 to Jan 17 Outlook
Lawrence’s Comment
All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below Y-0 and above mipoint.
Outlook
Original downside target not reached yet. Bear flag is supposed to be bearish yet cable managed to invalidate the bear flag from the news shock. We need 2nd confirmation from B-0 / B+1 acting as resistance to be sure that the pullback can resume.
Downside target expanded to B-2.
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