Trading Edges That Last
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Lawrence's Comment Recap Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1. Outlook As mentioned in last weekly commentaries on euro, once ...READ MORELawrence's Comment Recap Quick fall early in the week due to news shock. Then struggled to hold and failed to go above Y-0. Closed the week above Y-0 but below ...READ MORELawrence's Comment Recap Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...READ MOREHot n Cold (GBPUSD) 2019-9-13EURUSD Oct 01 to Oct 05 OutlookS&P 500 Jul 22 to Jul 26 OutlookEURUSD Nov 23 to Nov 27 OutlookUSDJPY Jul 02 to Jul 06 OutlookHot n Cold (GBPUSD) 2011-5-63DP Odds Table (GBPUSD) 2022-12-12GBPUSD Nov 21 to Nov 25 Outlook3DP Odds Table (GBPUSD) 2012-09-28AUDUSD Aug 22 to Aug 26 Outlook
As Featured In
GBPUSD Week of Nov 22nd to 26th Outlook
Recap of last week
Monthly structural price levels came into play. Failed in beginning of the week to hold above monthly initiation mid point + previous month high gave us a drop to previous month midpoint. Bounced off that to retest previous month high and failed. Closed the week below weekly midpoint.
Next week outlook
Confirmed weaknesses on weekly, closed below previous month close, etc. points to a quick run down to previous month low (red zone). A low probability setup of breaking above previous month high + previous month close area (yellow zone) will lead to a short squeeze type of action to retest current month high (green zone).
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