Trading Edges That Last
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Lawrence's Comment Recap The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week ...READ MORENasdaq 100 Apr 30 to May 04 Outlook3DP Odds Table (GBPUSD) 2015-05-25S&P 500 Aug 20 to Aug 24 OutlookGBPUSD Aug 15 to Aug 19 OutlookIntraday Cycle Projection (GBPUSD) 2021-10-073DP Odds Table (GBPUSD) 2018-08-24Precog Vision – Forex 2019-1-22USDJPY Mar 12 to Mar 16 OutlookPrecog Vision – Forex 2019-10-7USDCAD Jan 21 to Jan 25 Outlook
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GBPUSD Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Y-0 never challenged. Cable simply consolidating around Y+1 within 50% absolute range. Closed the week below Y+1 and midpoint.
Outlook
The more interesting scenario is that cable breaking below B-1 for confirmed false breakout. That will give us a decent selloff to B-3.
The more likely outcome is the usual slow pullback and/or another popup to challenge the Y+2 area quickly as B-1 acting as support.
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