Trading Edges That Last
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Lawrence's Comment Recap As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint. ...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 MOREPrecog Vision – Forex 2021-12-2AUDUSD Dec 22 to Dec 26 Outlook3DP Odds Table (GBPUSD) 2013-10-18Precog Vision – Forex 2021-10-6AUDUSD Jan 31 to Feb 04 OutlookIntraday Cycle Projection (GBPUSD) 2015-10-09Hot n Cold (GBPUSD) 2012-12-213DP Odds Table (GBPUSD) 2022-06-02Precog Vision – Forex 2016-3-1Dow 30 Oct 09 to Oct 13 Outlook
As Featured In
GBPUSD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO against Y-1 gave us a go for Y+1. Got that by the end of the week too. Closed the week near Y+1 and week high.
Outlook
Outside week with close right at the boundary Y+1. It is a bullish reversal without confirmation. Cable may have to retest Y-0 / B-0 to prove its strength before it can push higher from here.
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