Trading Edges That Last
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Lawrence's Comment Recap Consolidation around Y-0. Tight range week. Closed the week above Y-0 and midpoint. Outlook Inside week strong close. Breakout mode with upside advantage. Target B+3 and above.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 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+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside ...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 MOREPrecog Vision – Forex 2020-8-24Intraday Cycle Projection (GBPUSD) 2018-06-28USDJPY May 30 to Jun 03 OutlookPrecog Vision – Forex 2012-2-103DP Odds Table (GBPUSD) 2020-09-22Precog Vision – Forex 2018-1-16GBPUSD Oct 19 to Oct 23 OutlookPrecog Vision – Forex 2017-7-4Intraday Cycle Projection (GBPUSD) 2013-09-25USDCAD May 14 to May 18 Outlook
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Lawrence’s Comment
The easy play last week. Y-0 acted as resistance and gave us a selloff down to Y-3 my target. It cannot get any easier than this. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 is resistance and likely cap any attempt to go higher.
A retest of B-1 is very likely. Breaking below B-1 for a 3rd leg down is also likely.
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