Trading Edges That Last
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Lawrence's Comment Recap All week updrift from near Y-0 fitted the NFP play perfectly. Y+2 target tagged without any real resistance. Clsoed the week near Y+2 and above midpoint. Outlook Parabolic run ...READ MORELawrence's Comment Recap Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint. Outlook B-1 retest ...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 MOREPrecog Vision – Forex 2020-6-253DP Odds Table (GBPUSD) 2012-10-12Hot n Cold (GBPUSD) 2011-12-20Precog Vision – Forex 2018-7-17Hot n Cold (GBPUSD) 2014-9-193DP Odds Table (GBPUSD) 2019-10-073DP Odds Table (GBPUSD) 2014-06-16S&P 500 Mar 07 to Mar 11 OutlookUSDCAD Apr 25 to Apr 29 OutlookPrecog Vision – Forex 2016-6-29
As Featured In
GBPUSD Jan 3rd to Jan 7th Outlook
Recap of Last Week
Test of previous month low early in the week and failed to hold, yet defended the prior week low, leading to a bounce taking out the week high. The sharp pullback right after no longer matters because a 1-2-3 buy was staged for a take off towards our target green zone.
Next Week Outlook
First week of the year is very important as I stated in STOPD. It will shape how January will look like and subsequently affects how the year will look like in terms of volatility and potential target zones for the year.
The 1-2-3 buy from last week points to a run towards 1.58 area (green zone) where last week mid (yellow zone) should serve as support. If yellow zone fails to hold the pair up, the 1st downside target is last week low (red zone) and the pair will likely slide towards 1.520 – 1.525 area before it can find any significant support.
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