Trading Edges That Last
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Lawrence's Comment Recap Consolidation around Y-0. Tried hard to hold Y-0 early in the week but failed. Leading to a move down to equal distance below Y-0. There was no panic selling ...READ MORELawrence's Comment Recap Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint. ...READ MORELawrence's Comment Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1. Outlook Consolidation ended in a weak tone points to potential flush down to B-2 ...READ MOREHot n Cold (GBPUSD) 2014-5-23Weekly Cycle Projection (GBPUSD) 2023-04-17USDJPY Feb 25 to Mar 01 OutlookIntraday Cycle Projection (GBPUSD) 2018-08-27Intraday Cycle Projection (GBPUSD) 2016-09-02AUDUSD Jan 01 to Jan 05 OutlookNasdaq 100 Feb 15 to Feb 19 OutlookUSDCAD Nov 04 to Nov 08 OutlookIntraday Cycle Projection (GBPUSD) 2016-07-19Dow 30 Dec 05 to Dec 09 Outlook
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Lawrence’s Comment
Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook
Y+1 now support until proven otherwise. Retest of B+1 likely.
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