Trading Edges That Last
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Lawrence's Comment Recap Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below ...READ MOREIntraday Cycle Projection (GBPUSD) 2014-03-04GBPUSD Sep 24 to Sep 28 OutlookPrecog Vision – Forex 2022-6-17AUDUSD Feb 07 to Feb 11 OutlookHot n Cold (GBPUSD) 2014-6-20Intraday Cycle Projection (GBPUSD) 2021-03-09Intraday Cycle Projection (GBPUSD) 2020-11-05GBPUSD Mar 28 to Apr 01 OutlookIntraday Cycle Projection (GBPUSD) 2019-07-04AUDUSD Oct 24 to Oct 28 Outlook
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GBPUSD May 13 to May 17 Outlook
Lawrence’s Comment
Got the bearish action I was looking for right from the start of the week. Took 2 tries though before cable breaks its support. Dropped to Y-3 by end of the week. Closed the week above Y-3 and below midpoint.
Outlook
Rejected B+1 / Y+1 with a slightly lower high. Will be difficult for cable to go back above B-0 for some time. Consolidation around or below B-1 with downside bias towards tagging at least Y-4.
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