Trading Edges That Last
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Lawrence's Comment Recap 1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above ...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 MORELawrence's Comment Recap Enough people thought that they are so smart in recognizing the Friday prior to lask week as some kind of capitulation, they got themselves into a wild ride ...READ MORERecap of last week Multiple upside expansion targets based on STOPD are tagged – all done right after US mid term election is completed and that Fed announced its ...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 MOREGBPUSD Feb 09 to Feb 13 OutlookNasdaq 100 Aug 22 to Aug 26 OutlookPrecog Vision – Forex 2011-8-3S&P 500 Jul 18 to Jul 22 OutlookNasdaq 100 Aug 15 to Aug 19 OutlookES Week of Nov 8 – 12 Outlook3DP Odds Table (GBPUSD) 2015-12-09AUDUSD Aug 28 to Sep 01 OutlookPrecog Vision – Forex 2014-7-25Precog Vision – Forex 2021-11-18
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GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Y-0 acted as resistance as expected and sent the pair to retest Y-1. Y-1 did not offer much support at all until 100% absolute range expansion is reached.
Outlook
1.6 is an important support zone in longer timeframe. If cable can rally from B-1 to break above B-0, B+1 will be tagged quickly.
Breaking below Y-2 can be extremely bearish as the selloff we have witnessed can accelerate to the downside.
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