Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint. Outlook A marginal double top ...READ MORERecap of past week 1-2-3 buy off the previous low (the yellow zone) made a good run but failed to take out the previous week high, resulting in a ...READ MORELawrence's Comment Recap Aussie driven lower in the beginning of the week down to Y-1. Found support there can zoomed to Y+2. 2nd attempt at clearing Y+2 failed and led to a ...READ MOREWeekly Cycle Projection (GBPUSD) 2022-06-13Precog Vision – Forex 2016-5-10Intraday Cycle Projection (GBPUSD) 2017-12-043DP Odds Table (GBPUSD) 2020-09-07S&P 500 Feb 24 to Feb 28 OutlookHot n Cold (GBPUSD) 2019-2-8USDJPY Week of Nov 1 – 5 OutlookIntraday Cycle Projection (GBPUSD) 2016-06-29AUDUSD Mar 02 to Mar 06 OutlookIntraday Cycle Projection (GBPUSD) 2018-04-30
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GBPUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
No breakout. Simply consolidated within Y-1 to Y-0.
Outlook
Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the downtrend. So far pressed below Y-0 means at least one more test of Y-1 to B-1 is in play.
The more profitable setup and also less likely – if cable holds above B-0 and start to run up above Y-0 to B+1, we get B+2 and B+3 quickly.
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