Trading Edges That Last
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Lawrence's Comment Recap Whiplash played out as expected. got down to target around Y-3 before support is found. Closed the week below Y-2 and midpoint. Outlook A crossroad here for Aussie. Being ...READ MORELawrence's Comment Recap Rejected upper end of the 3 week range gave us a run back down to the bottom of the range. Not a difficult play at all. Y-2 was tagged ...READ MOREPrecog Vision – Forex 2013-5-10USDCAD Apr 06 to Apr 10 Outlook3DP Odds Table (GBPUSD) 2021-05-27USDJPY Jan 15 to Jan 19 OutlookAUDUSD Nov 10 to Nov 14 OutlookAUDUSD Oct 09 to Oct 13 OutlookWeekly Cycle Projection (GBPUSD) 2017-02-273DP Odds Table (GBPUSD) 2012-03-07USDCAD Dec 18 to Dec 22 OutlookGBPUSD Mar 17 to Mar 21 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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