Trading Edges That Last
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As Featured In
GBPUSD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Got the bottom I was talking about and cable took off to tag Y+2 near the expected upside target for the move. Another easy one for the week. Closed the week above Y+1 and midpoint.
Outlook
Higher timeframes gave us this bounce with a squeeze. Outside week closing above Y+1 points to at least a retest of B+1. Price action around B+1 will tell us if this is going to be a consolidation week, or a steep pullback to B-0 is in the making.
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