Trading Edges That Last
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Lawrence's Comment Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint. Outlook Daily ledge ...READ MOREIntraday Cycle Projection (GBPUSD) 2022-12-26Hot n Cold (GBPUSD) 2012-5-11Weekly Cycle Projection (GBPUSD) 2018-08-06Hot n Cold (GBPUSD) 2021-12-33DP Odds Table (GBPUSD) 2020-12-28Precog Vision – Forex 2012-4-25Precog Vision – Forex 2016-10-26Nasdaq 100 Jun 12 to Jun 16 Outlook3DP Odds Table (GBPUSD) 2013-01-29USDJPY Jun 08 to Jun 12 Outlook
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GBPUSD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Surprise rally tagging Y+1 negated the bear flag break on 4 hours and in turn giving us STOPD shcok breakout target of Y+3. Y+3 almost tagged and cable stalled from there. Closed the week above Y+1 and near midpoint.
Outlook
Shock driven rally in a daily down trend does not change the trend on higher timeframe. This means cable has to fight the week and monthly resistance above now making it more difficult to engage this coming 2 weeks. 2 way swings expected with tight range around B-0.
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