Trading Edges That Last
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Lawrence's Comment Recap Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint. Outlook Stop hunting move once Y-2 ...READ MOREGBPUSD Jun 03 to Jun 07 Outlook3DP Odds Table (GBPUSD) 2014-10-16Intraday Cycle Projection (GBPUSD) 2019-08-12Precog Vision – Forex 2018-8-29Precog Vision – Forex 2022-9-7Weekly Cycle Projection (GBPUSD) 2017-06-26Intraday Cycle Projection (GBPUSD) 2013-08-02Hot n Cold (GBPUSD) 2013-8-30Intraday Cycle Projection (GBPUSD) 2017-04-21USDJPY Feb 15 to Feb 19 Outlook
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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.
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