Trading Edges That Last
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Recap of Last Week Previous year close acted as resistance and a temporary higher high was immediately rejected. As mentioned last time, the breaking of the red zone pointed ...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 MOREIntraday Cycle Projection (GBPUSD) 2022-12-13EURUSD Jan 10th to Jan 14th OutlookPrecog Vision – Forex 2020-9-29Hot n Cold (GBPUSD) 2011-12-30Nasdaq 100 Feb 25 to Mar 01 OutlookUSDJPY Oct 28 to Nov 01 OutlookEURUSD Aug 06 to Aug 10 OutlookEURUSD Dec 04 to Dec 08 Outlook3DP Odds Table (GBPUSD) 2020-10-21Hot n Cold (GBPUSD) 2013-1-18
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GBPUSD May 04 to May 08 Outlook
Lawrence’s Comment
Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low.
Outlook
V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. B-0 and above now resistance until proven otherwise. A drop to B-2 is in play.
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