Trading Edges That Last
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Lawrence's Comment Recap Double news shock. First one sending the pair higher but it failed to stay above Y+1. Second one dropping the pair below Y-0 yet failed to keep it ...READ MORELawrence's Comment Recap Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and ...READ MORELawrence's Comment Recap Gap up above Y+1 leading to all out short squeeze. The extended target of Y+4 was tagged. Closed the week above Y+3. Outlook Right above B+1 is our 2X ...READ MORELawrence's Comment Recap Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like ...READ MOREPrecog Vision – Forex 2016-8-15USDCAD Oct 10 to Oct 14 OutlookEURUSD Feb 04 to Feb 08 OutlookNasdaq 100 Jan 23 to Jan 27 OutlookHot n Cold (GBPUSD) 2017-6-303DP Odds Table (GBPUSD) 2021-12-14AUDUSD Apr 18 to Apr 22 OutlookNasdaq 100 Jul 04 to Jul 08 OutlookIntraday Cycle Projection (GBPUSD) 2012-06-203DP Odds Table (GBPUSD) 2022-08-12
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GBPUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the week near week high and above Y-0.
Outlook
Potential important swing top in the making. A test of Y+1 or FBO against it will give us a strong breakdown setup with closest target below B-2.
As every country is printing its way out, UK will take advantage of this strength in cable to print more, implying next round of selloff is just around the corner.
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