Trading Edges That Last
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Lawrence's Comment Recap Failure to tag Y+1 early in the week sent the pair back down to Y-1. As Y-1 did not contain the drop, further weaknesses was expected from ...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 Y-0 support sent NQ up above Y+1 but it fails to hold above that which led to sell off back down to Y-0 and below. Y-0 was cleared quickly ...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 MOREPrecog Vision – Forex 2011-9-21Intraday Cycle Projection (GBPUSD) 2019-10-02AUDUSD Mar 14 to Mar 18 OutlookHot n Cold (GBPUSD) 2013-2-153DP Odds Table (GBPUSD) 2013-04-19Precog Vision – Forex 2020-6-83DP Odds Table (GBPUSD) 2021-09-23Nasdaq 100 Aug 10 to Aug 14 OutlookPrecog Vision – Forex 2018-1-18Hot n Cold (GBPUSD) 2019-6-21
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GBPUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Mentioned to avoid this pair last week. And here it is, in tight range consolidation with no direction at all. Closed the week below Y-1.
Outlook
The sideline movement has actually helped cable to break above its down channel without giving us any hint of direction (bravo!).
The down channel resistance line dropped to B-1 area . If a retest of B-1 resulted in a bounce taking out B+1, expect a strong rally to tag at least B+3.
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