Lawrence's Comment
Recap
Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint.
Outlook
As mentioned last week, "it looks like weekly level pullback but should be treated as consolidation". ...
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A simple forex trading signal that exploits the mean reversion behaviour of Euro and its Monday weaknesses. Do not underestimate a simple system like this. It is a very ...
GBPUSD Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Y+1 test rejected. Cable slided back down to Y-0 eventually.Closed the week below Y-0 and near week low.
Outlook
Upside rejected decisively. Y-0 / B-0 strong resistance unti proven otherwise.
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