Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap As expected, a bottom was formed early in the week, gave us a run back up to Y-0 and stalled. This can be puzzling for many daytraders but it ...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 MOREIntraday Cycle Projection (GBPUSD) 2022-08-103DP Odds Table (GBPUSD) 2020-09-10Intraday Cycle Projection (GBPUSD) 2023-03-15AUDUSD Feb 27 to Mar 03 OutlookPrecog Vision – Forex 2012-7-30Intraday Cycle Projection (GBPUSD) 2013-11-20S&P 500 Jul 01 to Jul 05 OutlookNasdaq 100 Aug 26 to Aug 30 OutlookPrecog Vision – Forex 2016-5-9Dow 30 Dec 09 to Dec 13 Outlook
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GBPUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week near week low and below Y-1.
Outlook
Outside week with close below Y-1 is a strong bearish setup for more downside. As long as Y-1 acting as resistance B-2 in play.
The implication of the potential move is an interesting one though as what can drive Cable dropping another 200 pips this quickly?
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