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Lawrence's Comment Recap Got the sell setup mentioned last week and NQ did a 200% range expansion of previous week range. Closed the week below Y-1 and midpoint. Outlook NQ long term sell setup ...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 MOREHot n Cold (GBPUSD) 2013-3-8Intraday Cycle Projection (GBPUSD) 2019-03-11Intraday Cycle Projection (GBPUSD) 2014-01-01Intraday Cycle Projection (GBPUSD) 2014-08-20Nasdaq 100 Apr 08 to Apr 12 OutlookIntraday Cycle Projection (GBPUSD) 2013-04-12Precog Vision – Forex 2016-8-10Intraday Cycle Projection (GBPUSD) 2012-01-16Precog Vision – Forex 2018-3-14AUDUSD Apr 05 to Apr 09 Outlook
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GBPUSD Apr 27 to May 01 Outlook
Lawrence’s Comment
Was expecting consolidation actions and cable did in the first half of the week. Then everything changed as the test of Y+1 did not produce a quick drop and instead turning 4 hours into a bull flag and led to a breakout to the upside. Closed the week above Y+1 and near week high.
Outlook
The outside reversal from the week before last continue to trap more shorts along the way. This probably gives cable enough fuel for Y+2 / B+2 zone. The big question is whether that’s all cable gets on its weekly level pullback against the dominating down trend.
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