Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Upside target of current year high is tagged. Not quite an explosive up swing but also not quite a drift up. Closed the week above Y+2 and ...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 MORELawrence's Comment Recap Sold off from resistance mentioned last week down to Y-2 target. Closed the week below Y-1 and near week low. Outlook Breaking below B-1 without testing B-0 first points ...READ MORELawrence's Comment Recap As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...READ MORE3DP Odds Table (GBPUSD) 2012-11-08Nasdaq 100 Oct 12 to Oct 16 OutlookS&P 500 Aug 20 to Aug 24 OutlookPrecog Vision – Forex 2020-9-2Intraday Cycle Projection (GBPUSD) 2021-12-14EURUSD May 16 to May 20 Outlook3DP Odds Table (GBPUSD) 2018-07-263DP Odds Table (GBPUSD) 2023-03-20AUDUSD May 07 to May 11 OutlookEURUSD Jul 20 to Jul 24 Outlook
As Featured In
GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.
Share