Trading Edges That Last
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Lawrence's Comment Recap Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. ...READ MORELawrence's Comment Recap Broken above the resistance zone mentioned last week, leading to immediate reversal to normal upside target of Y+2. Stalled from Y+2 and tried to stay above Y+1 ...READ MORELawrence's Comment Recap The weakest among the 3 indices. Took NQ 3 tries to go lower before it finally rejected the gap below and started its zoom up. Even the zoom up ...READ MORE3DP Odds Table (GBPUSD) 2015-03-02AUDUSD Nov 23 to Nov 27 OutlookPrecog Vision – Forex 2016-12-12Intraday Cycle Projection (GBPUSD) 2020-08-243DP Odds Table (GBPUSD) 2015-10-14Nasdaq 100 Aug 21 to Aug 25 OutlookPrecog Vision – Forex 2017-12-8AUDUSD Oct 13 to Oct 17 OutlookGBPUSD Dec 26 to Dec 30 OutlookNasdaq 100 May 13 to May 17 Outlook
As Featured In
GBPUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Lifted higher to resistance before the test of Y-1, giving it enough fuel to break below Y-1 for 100% absolute range expansion before stopping. Closed the week at Y-1.
Outlook
Y-1 turning into resistance will send the pair lower to Y-2.
Breaking above can send it up to Y-0 quickly.
The more interesting scenario is a double bottom at B-1 and then breaking above Y-0, that will confirm an important bottom is in with target of at least B+2.
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