Trading Edges That Last
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Lawrence's Comment Recap Early part of the week was a weak drift towards previous week close from below. As that failed to push higher, Y-2 was tagged. Then the multi-stage ...READ MORELawrence's Comment Recap Unlike NQ, ES ended last week without filling the gap above completely. ES was the weaker one. The rally was a controlled one because by the end of ...READ MORELawrence's Comment Recap My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and ...READ MOREHot n Cold (GBPUSD) 2020-4-17Precog Vision – Forex 2019-6-7Intraday Cycle Projection (GBPUSD) 2019-02-213DP Odds Table (GBPUSD) 2015-01-133DP Odds Table (GBPUSD) 2019-10-07Nasdaq 100 Jul 02 to Jul 06 OutlookIntraday Cycle Projection (GBPUSD) 2015-04-103DP Odds Table (GBPUSD) 2017-10-09S&P 500 Mar 28 to Apr 01 OutlookGBPUSD Aug 05 to Aug 09 Outlook
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GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the week.
Outlook
Tricky setup here.
If Y-2 to B-1 acts as a platform sending the pair higher to break above B-0, this will turn into a continuation long setup pointing to B+2 or higher price level.
If early in the week B-1 to Y-1 turns into resistance leading to lower prices, then B-2 is the 1st target.
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