Trading Edges That Last
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Lawrence's Comment Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...READ MORELawrence's Comment Recap FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for ...READ MORELawrence's Comment Recap Y-1 held early in the week and then staged a higher low breakout to the upside. Tagged Y+2 by end of the week. Closed the week above ...READ MORELawrence's Comment Recap The breakdown play worked out. Cable cleared 1.53 quickly and dropped down to Y-2 for a pause. That did not last long and cable just break down at the ...READ MOREEURUSD Sep 09 to Sep 13 OutlookNasdaq 100 Feb 29 to Mar 04 OutlookIntraday Cycle Projection (GBPUSD) 2016-08-053DP Odds Table (GBPUSD) 2015-06-18EURUSD Oct 08 to Oct 12 OutlookIntraday Cycle Projection (GBPUSD) 2021-08-19Dow 30 Mar 07 to Mar 11 OutlookHot n Cold (GBPUSD) 2012-9-43DP Odds Table (GBPUSD) 2020-12-18GBPUSD Mar 09 to Mar 13 Outlook
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GBPUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint.
Outlook
There is no real direction developed from the week. Ukraine situation is now center stage and the development there will dictate the direction of the next move. Not the best envrionment to bet before the dust settled.
Expect cable to be trapped inside the range over the past 3 weeks.
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