Trading Edges That Last
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Lawrence's Comment Recap As explained last week, weekly up trend intact and that is good enough reason to send Dow back up to fill the open gap above. Gap fill led to ...READ MORELawrence's Comment Recap Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the ...READ MORELawrence's Comment Recap Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0. Outlook The short term swing low ...READ MOREDow 30 Apr 27 to May 01 OutlookGBPUSD Apr 25 to Apr 29 OutlookHot n Cold (GBPUSD) 2011-10-203DP Odds Table (GBPUSD) 2021-09-29Hot n Cold (GBPUSD) 2012-5-10S&P 500 Apr 10 to Apr 14 OutlookNasdaq 100 Aug 01 to Aug 05 OutlookUSDCAD Feb 20 to Feb 24 OutlookAUDUSD Feb 18 to Feb 22 Outlook3DP Odds Table (GBPUSD) 2018-11-07
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GBPUSD Jun 10 to Jun 14 Outlook
Lawrence’s Comment
Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 and midpoint.
Outlook
Cable snapped out of its pullback on weekly.
As long as it can hold Y+2 to B-0 zone on a potential pullback, B+1 will be retested.
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