Trading Edges That Last
- You May Also Like
Recap of last week The red and yellow zone from last weekly outlook pretty much captured the complete range of ES, not bad. The additional resistance area at 1180 ...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 US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...READ MORELawrence's Comment Recap Consolidation above Y-0 not only gave us a rally to retest Y+1, it also gave us a clean breakout leading to a squeeze to Y+3. Closed the week near ...READ MOREAUDUSD Jan 11 to Jan 15 OutlookS&P 500 Week of Nov 22nd to 26thPrecog Vision – Forex 2019-7-5Precog Vision – Forex 2021-8-26Intraday Cycle Projection (GBPUSD) 2013-12-24Weekly Cycle Projection (GBPUSD) 2012-03-12Hot n Cold (GBPUSD) 2015-2-20Dow 30 Aug 01 to Aug 05 OutlookIntraday Cycle Projection (GBPUSD) 2020-08-21USDCAD Jan 28 to Feb 01 Outlook
As Featured In
GBPUSD Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low of the week.
Outlook
A drop in B-2 is in play. How cable reacts there will determine if cable is following the macro trend of US dollar strengthening play.
A less likely scenario is that cable breaks B-1 to the downside and bounces back up quickly above B-1. That will force the pair back up to B+1 and possibly higher. This scenario requires US dollar weakening across the board to happen.
Share