Trading Edges That Last
- You May Also LikeFor 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 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 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 MORE
Lawrence's Comment Recap Breakdown play target reached in the beginning of the week. Bounced off there to test Y-1 from below as expected. Failing to re-enter previous week range gave us a ...READ MORELawrence's Comment Recap Gap above Y+1 at the start of the week forced another systematic squeeze on shorts. Tight range all week. At the final hours on Friday, rallied to ...READ MOREPrecog Vision – Forex 2020-10-15Precog Vision – Forex 2015-7-243DP Odds Table (GBPUSD) 2017-04-143DP Odds Table (GBPUSD) 2012-04-04Precog Vision – Forex 2017-3-15Precog Vision – Forex 2011-3-10Precog Vision – Forex 2014-3-273DP Odds Table (GBPUSD) 2015-06-10S&P 500 Feb 15 to Feb 19 OutlookS&P 500 Aug 13 to Aug 17 Outlook
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GBPUSD Dec 20th to Dec 24th Outlook
Recap of Last Week
Rally to prior week high, trapped in between yellow zone and green zone as mentioned last week, and then selloff to target red zone. A bounce to prior week low followed by continuation selloff to 2x prior week range. Another textbook setup that worked out perfectly.
Next Week Outlook
Coming week is holiday trading thus it will be hard to get real follow thru even though the pair is pointing to a break below 1.54. Should yellow zone (last week low) acts as support, the price will likely trade within a tight range between yellow zone and green zone (midpoint of last week). A break below yellow zone points to 50% downside expansion target (red zone) will be tagged quickly.
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