Trading Edges That Last
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Lawrence's Comment Recap Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week ...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 ES cleared Y+1 boundary giving us a breakout up to almost Y+2. Reversed below and flushed back down to Y-0. Struggled to find a bottom since. Closed the week ...READ MOREIntraday Cycle Projection (GBPUSD) 2017-08-213DP Odds Table (GBPUSD) 2014-02-24S&P 500 Jul 11 to Jul 15 OutlookIntraday Cycle Projection (GBPUSD) 2011-06-09USDCAD Feb 29 to Mar 04 OutlookPrecog Vision – Forex 2021-9-17Precog Vision – Forex 2020-4-153DP Odds Table (GBPUSD) 2016-06-06GBPUSD Apr 02 to Apr 06 OutlookS&P 500 May 19 to May 23 Outlook
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GBPUSD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
The best pair to trade last week. Breakout play from Y+1 to Y+2. A thin up channel in place giving us a potential top in the making. Lower high retest of Y+2 and then breaking Y+1 gave us below Y-0 target. Closed the week at week low and below Y-0.
Outlook
Need cable to close below Y-1 on weekly basis to confirm daily up trend broken. For now will treat this as a strong pullback only.
Looking for more downside this week. B-2 reasonable target. But cable can stage a bounce from there and close above Y-1 if this is just a strong pullback.
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