Trading Edges That Last
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Lawrence's Comment Recap Classic consolidation near Y+1 at 50% of previous week range. Closed the week above midpoint and Y+1. Outlook Probably no direction until after new year. As long as B-1 ...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 MORELawrence's Comment Recap Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ...READ MORELawrence's Comment Recap 78 tested and held very well the whole week. Closed the week bouncing off 78 and near week high. Outlook As long as B-0 acts as support, B+2 should ...READ MORES&P 500 Nov 28 to Dec 02 OutlookUSDJPY Dec 24 to Dec 28 OutlookPrecog Vision – Forex 2019-7-8GBPUSD Nov 04 to Nov 08 Outlook3DP Odds Table (GBPUSD) 2014-05-13S&P 500 Dec 08 to Dec 12 OutlookUSDJPY Jul 30 to Aug 03 Outlook3DP Odds Table (GBPUSD) 2019-10-07USDCAD Jul 03 to Jul 07 OutlookEURUSD Dec 21 to Dec 25 Outlook
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GBPUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to close above Y-1. Closed the week above midpoint near Y-1.
Outlook
Potential bottom in the making. Like to see clean breakout above B+1 and that the zone B-0 to B+1 turning into support for swing long.
Failing to breakout above B+1 points to further weaknesses.
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