Trading Edges That Last
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Lawrence's Comment Recap Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 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 Pocket below Y-0 was taken care of first thing in the week, giving ES an excuse to go higher to fill the open gap above right after. 2 legs ...READ MORELawrence's Comment Recap The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below ...READ MOREEURUSD Jan 12 to Jan 16 OutlookEURUSD Apr 20 to Apr 24 OutlookPrecog Vision – Forex 2017-5-17S&P 500 Oct 03 to Oct 07 OutlookUSDCAD Jul 11 to Jul 15 OutlookIntraday Cycle Projection (GBPUSD) 2021-04-07Intraday Cycle Projection (GBPUSD) 2021-03-293DP Odds Table (GBPUSD) 2014-11-283DP Odds Table (GBPUSD) 2013-04-173DP Odds Table (GBPUSD) 2011-12-15
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GBPUSD Jan 17th to 21th Outlook
Recap of Last Week
Did not post about this pair last week as the better play was euro. The upside breakout triggered on this one anyway and the 200% upside expansion target was tagged at the end of the week.
Next Week Outlook
2x target tagging almost always leads to some consolidation first. Thus I do not expect a lot of action coming from this pair in the beginning part of the week.
If a pullback to last year close (red zone) happens, it will be a strong up move in the making if a 1-2-3 buy is staged off that area with initial target at previous week high (yellow zone) and 50% upside expansion (green zone) next. For this reason, it is on my monitor list this week.
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