Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The other easy play for the week. Failed to push above Y-0 and dropped straight down to Y-2 target mentioned last week. Consolidated around Y-2 and gave us a ...READ MORELawrence's Comment Recap Bearish expectation worked out. Y-1 resistance sent Aussie down to below Y-2. Closed the week below Y-2 and near week low. Outlook Potential breakdown in the making with target ...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 MOREIntraday Cycle Projection (GBPUSD) 2014-03-173DP Odds Table (GBPUSD) 2020-06-083DP Odds Table (GBPUSD) 2022-12-28GBPUSD Nov 04 to Nov 08 OutlookIntraday Cycle Projection (GBPUSD) 2020-12-11AUDUSD Jun 01 to Jun 05 OutlookIntraday Cycle Projection (GBPUSD) 2016-03-07Precog Vision – Forex 2020-5-28Hot n Cold (GBPUSD) 2016-1-8Intraday Cycle Projection (GBPUSD) 2013-02-12
As Featured In
GBPUSD Oct 13 to Oct 17 Outlook
Lawrence’s Comment
Cable simply bottom out at Y-1 and rallied to Y-0 as expected. Went sideway since and holding the week mid at the time before took off again to tag the pre-break down crime scene. Strong reaction there leading to a steep pullback to 1.60. Closed the week below Y-0 and B-0.
Outlook
Strong reaction to the crime scene above implies lots of trapped long have not been flushed out from the system. Upside will be capped for a while until enough volatile down side actions taking out the longs. It does not translate to much lower price level. Just more 2-way big swings in the card.
Share