Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap As expected, once a clean breakout is in place, we get full range expansion in 1 go. The first push towards Y+1 failed to clear the tight ...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 MORELawrence's Comment Recap Pullback to Y-0 as expected. Rally from there and printed new high consistent with my bullish bias. Cannot ask for more. Closed the week at week high and above ...READ MOREIntraday Cycle Projection (GBPUSD) 2014-06-23Precog Vision – Forex 2021-6-7EURUSD Jan 07 to Jan 11 OutlookUSDCAD May 23 to May 27 OutlookIntraday Cycle Projection (GBPUSD) 2014-03-31Precog Vision – Forex 2022-9-5AUDUSD Oct 22 to Oct 26 OutlookWeekly Cycle Projection (GBPUSD) 2016-11-07Weekly Cycle Projection (GBPUSD) 2017-11-20USDJPY Jan 21 to Jan 25 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.
Share