Trading Edges That Last
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Lawrence's Comment Recap NQ attempt Y+1 and produced a FBO on daily. This gives us Y-1 target. NQ sold off to 100% absolute range and tried to bounce. Closed the week below ...READ MOREHot n Cold (GBPUSD) 2011-7-22Precog Vision – Forex 2011-3-7Dow 30 Aug 01 to Aug 05 OutlookHot n Cold (GBPUSD) 2011-7-6Hot n Cold (GBPUSD) 2023-2-24Hot n Cold (GBPUSD) 2019-10-43DP Odds Table (GBPUSD) 2022-04-26Nasdaq 100 May 16 to May 20 Outlook3DP Odds Table (GBPUSD) 2021-02-163DP Odds Table (GBPUSD) 2020-07-30
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GBPUSD Sep 08 to Sep 12 Outlook
Lawrence’s Comment
FBO against Y+1 triggered all out dumping to Y-3. After a pause, the stop run sent cable down to 1.63. Closed the week below Y-5 and near week low.
Outlook
Cable broke down with euro as ECB’s sudden rate cut sent the world a surprise message. The 2nd part of the drop was clear stop run implying a bounce back upto B-0 will be likely within a week or two. This week consolidation around previous week close is likely.
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