Trading Edges That Last
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Lawrence's Comment Recap As explained last week that option expiration weeks operate with a different set of rules. Dow could not clear the upper boundary as expected and suddenly dropped back down ...READ MOREEURUSD Sep 12 to Sep 16 Outlook3DP Odds Table (GBPUSD) 2011-06-08Intraday Cycle Projection (GBPUSD) 2016-08-19Nasdaq 100 Jun 25 to Jun 29 OutlookIntraday Cycle Projection (GBPUSD) 2014-02-06Precog Vision – Forex 2017-6-16Intraday Cycle Projection (GBPUSD) 2013-08-30Precog Vision – Forex 2016-4-253DP Odds Table (GBPUSD) 2017-10-11Dow 30 Apr 20 to Apr 24 Outlook
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GBPUSD Nov 21 to Nov 25 Outlook
Lawrence’s Comment
Euro zone rumors / news shock dropped cable down to Y-1 thus opened the doorway to Y-2. Tagged Y-2 and bounced back up to Y-1. Y-1 acted as resistance and the pair closed the week below Y-1.
Outlook
News shock can force a market to swing in unexpected direction yet the resulting price movement is still bounded by the STOPD levels. So it is safe to assume players in control know about the potential alternative outcome and are prepared for this.
Retest of B-1 is expected early in the week. If that holds, we should get at least a retest of B-0.
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