Trading Edges That Last
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Lawrence's Comment Recap Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...READ MORELawrence's Comment Recap Take a look at the comments on Euro as Cable was behaving exactly like Euro last week. Outlook The timing of the new infinite QE program by Fed tells ...READ MORELawrence's Comment Recap As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of ...READ MORELawrence's Comment Recap Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint. Outlook Strong reaction at Y+1 indicates strong resistance ...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 MORENasdaq 100 Jul 30 to Aug 03 OutlookHot n Cold (GBPUSD) 2012-3-22Nasdaq 100 Nov 30 to Dec 04 OutlookGBPUSD Sep 17 to Sep 21 OutlookUSDCAD Jan 23 to Jan 27 OutlookAUDUSD Dec 26 to Dec 30 OutlookPrecog Vision – Forex 2022-3-11Precog Vision – Forex 2022-10-25S&P 500 Nov 29 to Dec 03 OutlookUSDJPY May 30 to Jun 03 Outlook
As Featured In
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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