Trading Edges That Last
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Lawrence's Comment Recap A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...READ MORELawrence's Comment Recap Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint. Outlook The date ...READ MORELawrence's Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...READ MORE3DP Odds Table (GBPUSD) 2015-10-05Intraday Cycle Projection (GBPUSD) 2013-08-29Precog Vision – Forex 2016-5-20USDCAD Oct 07 to Oct 11 OutlookWeekly Cycle Projection (GBPUSD) 2022-11-07USDJPY Jul 18 to Jul 22 OutlookS&P 500 Apr 13 to Apr 17 OutlookGBPUSD Feb 22 to Feb 26 OutlookGBPUSD Jan 05 to Jan 09 OutlookIntraday Cycle Projection (GBPUSD) 2020-12-17
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GBPUSD Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook
Consistent with euro, signs that the strength in USD is building up.
Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
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