Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...READ MORELawrence's Comment Recap More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint. Outlook Canadian dollar ...READ MORELawrence's Comment Recap Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high. Outlook No sign ...READ MOREUSDJPY Aug 17 to Aug 21 OutlookIntraday Cycle Projection (GBPUSD) 2016-06-06USDJPY Aug 28 to Sep 01 OutlookGBPUSD Jul 21 to Jul 25 OutlookS&P 500 Apr 06 to Apr 10 OutlookUSDCAD Aug 10 to Aug 14 OutlookHot n Cold (GBPUSD) 2015-7-24Nasdaq 100 Jul 25 to Jul 29 OutlookIntraday Cycle Projection (GBPUSD) 2017-06-12Hot n Cold (GBPUSD) 2011-4-6
As Featured In
GBPUSD Sep 16 to Sep 20 Outlook
Lawrence’s Comment
As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and above Y+3.
Outlook
Very interested in the price reaction in Y+4 to 1.60 area. The strong move higher was the consequence of a big fight down there below Y+1 where the bears lost. That was back then. Now Cable has put in so many pockets and voids below, it will have a very hard time going much higher.
Consolidation around B+1 with down side bias later in the week to retest B-0 / Y+2.
Share