Trading Edges That Last
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Lawrence's Comment Recap Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back ...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 MOREPrecog Vision – Forex 2015-10-13DP Odds Table (GBPUSD) 2017-10-063DP Odds Table (GBPUSD) 2020-08-04Precog Vision – Forex 2020-9-28Intraday Cycle Projection (GBPUSD) 2014-11-07EURUSD Dec 03 to Dec 07 OutlookPrecog Vision – Forex 2021-11-25GBPUSD Aug 29 to Sep 02 Outlook3DP Odds Table (GBPUSD) 2017-04-19Precog Vision – Forex 2021-1-25
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GBPUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Rally as expected. Ended mid way from our 2 upside targets. Tight range and closed the week above midpoint.
Outlook
Potential 3 pushes up. A break below B-1 will confirm and that will put Y-0 / B-2 in play. Not much room for the short bias so not a good setup to jump on board.
The less likely scenario of a quick breakout to the upside above B+1, however, points to Y+3 / B+3 which is more tradable.
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