Trading Edges That Last
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Lawrence's Comment Recap A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag ...READ MOREI promised several members to write about specific trading techniques for forex. I have not forgotten about that. I have been working on them for some time. Just some more ...READ MORE3DP Odds Table (GBPUSD) 2016-07-27Intraday Cycle Projection (GBPUSD) 2011-06-08Intraday Cycle Projection (GBPUSD) 2020-12-013DP Odds Table (GBPUSD) 2013-07-10Intraday Cycle Projection (GBPUSD) 2023-04-12Hot n Cold (GBPUSD) 2020-5-293DP Odds Table (GBPUSD) 2021-10-28Precog Vision – Forex 2016-1-20GBPUSD Apr 16 to Apr 20 OutlookWorking on Forex Articles
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GBPUSD Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Broken above the resistance zone mentioned last week, leading to immediate reversal to normal upside target of Y+2. Stalled from Y+2 and tried to stay above Y+1 but eventually failed. Closed the week below midpoint.
Outlook
The sudden reversal is again euro zone news driven. The weaknesses by end of week indicates Y+1 and above is strong resistance. Consolidation is expected during the last week of the year between Y+1 downto B-1.
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