Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As mentioned last week, downtrend has established. Resistance zone worked out as expected, sending Aussie down to Y-5. Outlook Downtrend intact. The range expansion from last week created an oversold ...READ MORELawrence's Comment Recap Short squeeze on rumors back up to Y-0. Collapsed right after back down to Y-1. Equal distance target below tagged by end of the week off previous week close. ...READ MORELawrence's Comment Recap Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then ...READ MORELawrence's Comment Recap Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint. Outlook As long as ...READ MOREAUDUSD Sep 26 to Sep 30 OutlookS&P 500 May 09 to May 13 OutlookNasdaq 100 Mar 18 to Mar 22 Outlook3DP Odds Table (GBPUSD) 2018-03-05Intraday Cycle Projection (GBPUSD) 2011-11-14Intraday Cycle Projection (GBPUSD) 2012-06-12Nasdaq 100 Jun 18 to Jun 22 OutlookHot n Cold (GBPUSD) 2012-10-25Intraday Cycle Projection (GBPUSD) 2020-10-30GBPUSD May 19 to May 23 Outlook
As Featured In
GBPUSD May 11 to May 15 Outlook
Lawrence’s Comment
Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook
Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 on daily basis, we cannot rule out a drop back down to B-0 first.
Share