Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap 1450 acted as resistance in the beginning of the week and forced a drop back down. Then the sudden reversal back up to Monday high area caught ...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 Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint. Outlook This ...READ MORELawrence's Comment Recap Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 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 Y-0 did not act as support at all on first test. This opened the door to Y-1 and the test of Y-1 led to a strong bounce. Closed the ...READ MOREUSDCAD Feb 07 to Feb 11 OutlookPrecog Vision – Forex 2012-5-4S&P 500 Oct 08 to Oct 12 OutlookPrecog Vision – Forex 2021-7-30Intraday Cycle Projection (GBPUSD) 2016-07-25GBPUSD May 18 to May 22 OutlookGBPUSD Dec 07 to Dec 11 OutlookHot n Cold (GBPUSD) 2011-11-3Precog Vision – Forex 2012-1-27USDCAD May 11 to May 15 Outlook
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GBPUSD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
Cable popped higher first before pullback gave it a chance to stay above Y+1. That paved the way for cable to tag Y+2. Closed the week above midpoint and Y+1.
Outlook
Tight range week. Rising wedge from the week before last turned into an upchannel. Such structure do not last. A break of B-1 will send cable back down to B-3 and lower easily.
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