Trading Edges That Last
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Lawrence's Comment Recap Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the ...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 Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above ...READ MORELawrence's Comment Recap Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above ...READ MOREDow 30 Mar 21 to Mar 25 OutlookNasdaq 100 Dec 30 to Jan 03 OutlookUSDCAD Mar 08 to Mar 12 Outlook3DP Odds Table (GBPUSD) 2013-03-13Weekly Cycle Projection (GBPUSD) 2019-10-07Precog Vision – Forex 2022-8-31EURUSD Jul 01 to Jul 05 Outlook3DP Odds Table (GBPUSD) 2015-10-21AUDUSD Mar 07 to Mar 11 Outlook3DP Odds Table (GBPUSD) 2019-01-22
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GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at Y+3 area.
Outlook
Sudden reversal always trap the players on the other side of the move making it more powerful. A pullback to B-0 should not happen if the pair wants to continue its run to Y+4.
The interesting scenario is that B-0 tagged early in the week and Y+3 turns into resistance, we then have a w. upthrust that can send the pair back down to B-1 quickly.
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