Trading Edges That Last
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Lawrence's Comment Recap Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint. Outlook Strong reaction at Y+1 indicates strong resistance ...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 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 Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ ...READ MOREIntraday Cycle Projection (GBPUSD) 2018-04-24Precog Vision – Forex 2017-1-31AUDUSD Dec 26 to Dec 30 OutlookIntraday Cycle Projection (GBPUSD) 2020-05-05Precog Vision – Forex 2011-6-8USDJPY Jan 24 to Jan 28 Outlook3DP Odds Table (GBPUSD) 2019-10-073DP Odds Table (GBPUSD) 2016-04-29Precog Vision – Forex 2019-1-22Nasdaq 100 May 30 to Jun 03 Outlook
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GBPUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
No bounce from Y-1. Re-entered the down channel and collapsed to Y-5 before the pair can find any support at all.
Outlook
Down channel re-enforced itself on the pair again and this time resulted in overshooting to the downside.
Divergence low or exhaustion low usually comes off this kind of setup. Thus short side should watch out for sudden high power short squeeze.
If there is a bounce coming, it is likely coming off a retest of B-1 and the initial target is Y-2.
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