Trading Edges That Last
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Lawrence's Comment Recap Once Y-1 was breached, down side range expansion started. Yet the selloff was not able to land at Y-2 target. Closed the week below Y-1. Outlook News shock after news ...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 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 MOREPrecog Vision – Forex 2015-10-14USDCAD Oct 17 to Oct 21 OutlookPrecog Vision – Forex 2011-11-7Precog Vision – Forex 2015-1-19Hot n Cold (GBPUSD) 2021-6-25Weekly Cycle Projection (GBPUSD) 2022-05-23Intraday Cycle Projection (GBPUSD) 2022-04-07Precog Vision – Forex 2019-1-22Precog Vision – Forex 2015-8-17Hot n Cold (GBPUSD) 2011-11-10
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GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week’s range.
Outlook
As long as B-0 acts as support, Y+2 to B+2 will be tagging early next week.
The more interesting scenario is that B+1 acting as resistance and send the pair down below B-0. If that happens, B-1 will be easily broken with a target of B-2.
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