Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, the reversal potential is there and no longer looking for short. Nailed it. 100% absolute range expansion stopped the run up slighly below ...READ MORELawrence's Comment Recap Avoided Y-1 in beginning of the week and rallied all the way to almost Y+1. Clean 1-2-3 sell from there gave us the breakout trade I mentioned ...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 2014-5-2Nasdaq 100 Jan 27 to Jan 31 OutlookHot n Cold (GBPUSD) 2012-8-14AUDUSD Apr 16 to Apr 20 OutlookDow 30 Nov 13 to Nov 17 OutlookS&P 500 Nov 12 to Nov 16 OutlookEURUSD Oct 17 to Oct 21 OutlookEURUSD Jul 22 to Jul 26 OutlookIntraday Cycle Projection (GBPUSD) 2020-06-08Precog Vision – Forex 2019-1-10
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GBPUSD Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Another pair that started out with a quiet week led to an explosive upside stop run. Closed the week near Y+1 and above midpoint.
Outlook
2nd time spike higher trying to clear the 1.65 area yet failed to close above the resistance level at Y+1 / 1.65. The intention is not clear at this point due to low volume.
Next week is still part of the holiday season making it not a good time to trade aggressively.
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