Trading Edges That Last
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Lawrence's Comment Recap Aussie dropped from resistance zone mentioned last week, breaking Y-1 at the end of the week as expected. Closed the week below Y-1 and at week low. Outlook 4 ...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 MORELawrence's Comment Recap Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low. Outlook Warned last week wild swings are expected ...READ MOREIntraday Cycle Projection (GBPUSD) 2021-03-18AUDUSD Mar 09 to Mar 13 OutlookHot n Cold (GBPUSD) 2018-4-6Precog Vision – Forex 2018-7-12Precog Vision – Forex 2016-8-9Hot n Cold (GBPUSD) 2019-10-43DP Odds Table (GBPUSD) 2017-08-31Intraday Cycle Projection (GBPUSD) 2015-05-05GBPUSD Aug 04 to Aug 08 OutlookIntraday Cycle Projection (GBPUSD) 2015-08-03
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GBPUSD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Got the breakout to the upside early in the week and the spike low in the middle of the week never breached Y-0. The nice surprise is that by end of week the upside breakout tagged Y+4 as oppose to stopping at Y+3. Closed the week near week high and above Y+3.
Outlook
The final breakout at the end of the week is pure stop run during the holiday period. It is not sustainable and B-0 is likely to be tested quickly.
Until B-0 is proven support, cable may have to retest B-1 or even Y-1 first before going higher.
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