Trading Edges That Last
- You May Also LikeFor 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 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 MORE
Lawrence's Comment Recap FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint. ...READ MORELawrence's Comment Recap Euro moved lower and made a flush at 1.34 instead of 1.33. Stayed tight range and reversed higher late in the week. Closed near Y-1 and above midpoint. Outlook A temporary ...READ MOREPrecog Vision – Forex 2023-3-6Hot n Cold (GBPUSD) 2019-10-4Dow 30 Apr 13 to Apr 17 OutlookWeekly Cycle Projection (GBPUSD) 2023-04-103DP Odds Table (GBPUSD) 2018-04-05Nasdaq 100 Oct 16 to Oct 20 OutlookPrecog Vision – Forex 2023-5-2Precog Vision – Forex 2015-10-9EURUSD Apr 18 to Apr 22 OutlookEURUSD Aug 04 to Aug 08 Outlook
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GBPUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
News shock turning the consolidation from the beginning of the week into a odd shaped inverse head and shoulder breaking above Y+1. Minimum target Y+2 of breaking above Y+1 is completed.
Outlook
The sudden change in price pattern caused by the news shock may not last if the pair drops below Y+1.
As long as B+1 is acting as support, we have to assume the short term trend is up and that potentially more upside is expected.
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