Trading Edges That Last
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Lawrence's Comment Recap Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near ...READ MOREIntraday Cycle Projection (GBPUSD) 2016-05-12Precog Vision – Forex 2021-3-53DP Odds Table (GBPUSD) 2017-01-303DP Odds Table (GBPUSD) 2011-04-27AUDUSD Jan 08 to Jan 12 OutlookPrecog Vision – Forex 2019-9-19Weekly Cycle Projection (GBPUSD) 2020-10-26AUDUSD Aug 26 to Aug 30 Outlook3DP Odds Table (GBPUSD) 2012-09-12AUDUSD Oct 06 to Oct 10 Outlook
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GBPUSD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We almost got that by end of the week. Closed the week near the high and above Y-0.
Outlook
The downtrend on 4 hours is broken. That turns Y-1 to B-0 into a strong support zone.
More upside is expected as long as cable trades at or above the support zone.
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