Trading Edges That Last
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Lawrence's Comment Recap Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and ...READ MORELawrence's Comment Recap Spike higher in beginning of the week and sold off from there. Yet Y-0 was not tagged. Earning shocks sent ES above resistance and tagged Y+2 and ...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 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 Rallied right off the start clearing Y-0 and Y+1 in one go. That opened the door to Y+2. Got Y+2 mid week. Drifting sideway since. Closed the week below ...READ MORELawrence's Comment Recap Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off ...READ MORE3DP Odds Table (GBPUSD) 2014-05-12GBPUSD Jul 13 to Jul 17 OutlookS&P 500 Jan 30 to Feb 03 OutlookIntraday Cycle Projection (GBPUSD) 2022-07-25Precog Vision – Forex 2012-1-13Precog Vision – Forex 2012-1-23USDCAD Apr 22 to Apr 26 OutlookDow 30 Mar 30 to Apr 03 OutlookEURUSD Dec 19 to Dec 23 OutlookNasdaq 100 Feb 17 to Feb 21 Outlook
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GBPUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.
Outlook
Same as last week, if test of Y+1 / B+1 area resulting in a selloff, cable should drop down to B-2 as a minimum.
The more interesting setup is a breakout to the upside, which will push cable to the 1.60 area in one go.
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