Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The best pair to trade last week. Breakout play from Y+1 to Y+2. A thin up channel in place giving us a potential top in the making. Lower high ...READ MORELawrence's Comment Recap Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint. Outlook Euro daily level ...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 Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped ...READ MORELawrence's Comment Recap Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable ...READ MORELawrence's Comment Recap The mechanical down push continues in first half of the week and then the trend was broken. After FBO against the low established earlier in the week and failed ...READ MOREGBPUSD Oct 07 to Oct 11 OutlookIntraday Cycle Projection (GBPUSD) 2018-11-01Hot n Cold (GBPUSD) 2012-10-4USDJPY Apr 25 to Apr 29 Outlook3DP Odds Table (GBPUSD) 2022-03-03EURUSD Jul 27 to Jul 31 OutlookPrecog Vision – Forex 2017-3-9USDCAD Apr 25 to Apr 29 OutlookGBPUSD Aug 25 to Aug 29 OutlookUSDCAD Apr 08 to Apr 12 Outlook
As Featured In
GBPUSD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and above midpoint.
Outlook
As long as Y-1 is capping Cable B-1 will be retested.
Due to the flush low nature last week, a more complex pullback can be in the making with Y-2 / 1.54 being the support to kick start an up drift to challenge B+1 and then Y-0 in coming weeks.
Share