Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Started the week gap lower to challenge Y-1 and bounced. Y-0 resistance sent Aussie lower to retset previous week close. That held and a squeeze was resulted. Yet, Aussie ...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 MORELawrence's Comment Recap Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above ...READ MOREAUDUSD Oct 20 to Oct 24 OutlookIntraday Cycle Projection (GBPUSD) 2018-08-10Intraday Cycle Projection (GBPUSD) 2021-07-30Precog Vision – Forex 2013-9-2Intraday Cycle Projection (GBPUSD) 2020-05-15EURUSD Dec 15 to Dec 19 OutlookIntraday Cycle Projection (GBPUSD) 2013-03-19Intraday Cycle Projection (GBPUSD) 2019-01-11GBPUSD May 13 to May 17 OutlookWeekly Cycle Projection (GBPUSD) 2022-01-24
As Featured In
GBPUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed its selloff right after a shallow pullback. Closed the week near week low and below Y-2.
Outlook
The last part of the sell off in last week has been grinding lower with difficulties. Hence we are looking at a short term oversold condition where not too many size players are looking for more downside. This stages a strong rally once we get a long setup off B-1.
Share