Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap ES failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe sent ...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 Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint. Outlook That at par zone has been a trouble ...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 MOREHot n Cold (GBPUSD) 2022-12-30USDCAD Apr 20 to Apr 24 Outlook3DP Odds Table (GBPUSD) 2021-06-14USDCAD Dec 20 to Dec 24 OutlookIntraday Cycle Projection (GBPUSD) 2021-07-14S&P 500 Jan 05 to Jan 09 OutlookAUDUSD Sep 16 to Sep 20 OutlookPrecog Vision – Forex 2014-12-12USDCAD Oct 29 to Nov 02 OutlookPrecog Vision – Forex 2016-9-16
As Featured In
GBPUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Cable snapped out of its tight down channel to the upside which led to a charge towards the start of the channel at Y+1. Y+1 tagged and cable stalled since. Closed the week near Y+1 and above midpoint.
Outlook
The bearish flush pattern did not play out, hence this rally will not be strong enough to carry far. Failing to clear 1.55 will drop cable back down to Y-0 / B-0 zone. A retest of B-1 is likely within next few weeks.
Share