Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week ...READ MORELawrence's Comment Recap Breakout play worked out, just to the surprise of many that it was to the upside. It is not a surprise to my premium members as they learned from ...READ MORELawrence's Comment Recap How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with ...READ MOREWeekly Cycle Projection (GBPUSD) 2016-10-10Intraday Cycle Projection (GBPUSD) 2017-07-12Intraday Cycle Projection (GBPUSD) 2015-09-08S&P 500 Oct 26 to Oct 30 OutlookEURUSD Feb 08 to Feb 12 Outlook3DP Odds Table (GBPUSD) 2014-12-30USDJPY Nov 03 to Nov 07 OutlookIntraday Cycle Projection (GBPUSD) 2022-07-05Intraday Cycle Projection (GBPUSD) 2011-08-26Intraday Cycle Projection (GBPUSD) 2015-08-07
As Featured In
GBPUSD Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Picture perfect test of yellow zone and failed. Red zone tagged the very last day of the week. Closed the week at the low.
Next week outlook
2 extremely different outlooks for cable.
If early in the week GBPUSD bounce back up and that yellow zone turns into support, we have a wyckoff spring against previous month low. That will lift it up to the green zone and then October high quickly.
If yellow zone turns into resistance early in the week, monthly downside range expansion in play. The 50% target at 1.540 – 1.545 (red zone) will be in play. This zone is the top of a much wider price zone that includes previous quarter midpoint, September month low. How GBPUSD reacts to this price zone will dictate the direction in the coming month.
Share