Trading Edges That Last
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Lawrence'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 MORELawrence's Comment Recap This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up ...READ MORELawrence's Comment Recap Cosolidated in Y-0 to Y+1 as expected. Then news shock came and a squeeze took the pair up to Y+3. Stalled from there since. Closed the week near Y+2 ...READ MOREPrecog Vision – Forex 2022-12-14USDCAD Oct 28 to Nov 01 OutlookAUDUSD Jun 01 to Jun 05 OutlookAUDUSD Jun 01 to Jun 05 OutlookGBPUSD Dec 19 to Dec 23 OutlookPrecog Vision – Forex 2019-7-8USDCAD Jan 14 to Jan 18 Outlook3DP Odds Table (GBPUSD) 2019-10-07Weekly Cycle Projection (GBPUSD) 2014-08-11USDCAD Jan 27 to Jan 31 Outlook
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GBPUSD Oct 14 to Oct 18 Outlook
Lawrence’s Comment
The week one for the week again. Pulled back to right below Y-0 and then collapsed down to almost Y-2. Closed the week near week low and below Y-1.
Outlook
As mentioned last week cable can stage a bottom around Y-2 zone because of strength in higher timeframes.
It is getting complex here with the chart patterns.
A fast and decisive bounce to above B-0 will tell us that the drop is a pullback and we should focus on long side until Y+1 is retested again.
A drift back up to B-0 or even B+1 slowly points to further downside is coming. It implies that we are witnessing a higher timeframe reversal to the downside on weekly and monthly.
Bearish scenario stays until invalidated.
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