Trading Edges That Last
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GBPUSD May 21 to May 25 Outlook
Lawrence’s Comment
As mentioned last week – cable was sitting at a tricky area. Instead of a bounce and drop, it simply dropped and cleared 3x previous week range before it stopped. Closed the week at Y-5.
Outlook
B-0 and Y-1 are the 2 targets on the upside. I am not betting on that.
Hands off swing trade on the pair until I get a better setup on 4 hours.
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