Trading Edges That Last
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Lawrence's Comment Recap Y-0 breached to the downside after a weak attempt to push higher failed. Y-1 tagged and Aussie stayed weak since. Closed the week below midpoint and near Y-1. Outlook As ...READ MORELawrence's Comment Recap Did not hold above Y-0. Fighting to hold the 78 level all week. Closed the week above Y-0 and midpoint. Outlook Basing price action last week points to potential ...READ MORELawrence's Comments Recap Mentioned in real-time commentaries that this pair is due for a correction as it failed to take out the 50% upside expansion target decisively and that target ...READ MOREGBPUSD Feb 15 to Feb 19 OutlookWeekly Cycle Projection (GBPUSD) 2018-03-05Precog Vision – Forex 2016-7-13AUDUSD Nov 19 to Nov 23 OutlookHot n Cold (GBPUSD) 2012-4-24USDJPY Aug 06 to Aug 10 Outlook3DP Odds Table (GBPUSD) 2011-08-153DP Odds Table (GBPUSD) 2023-04-18EURUSD Feb 07 to Feb 11 OutlookIntraday Cycle Projection (GBPUSD) 2021-09-15
As Featured In
GBPUSD Oct 17 to Oct 21 Outlook
Lawrence’s Comment
News shock turning the consolidation from the beginning of the week into a odd shaped inverse head and shoulder breaking above Y+1. Minimum target Y+2 of breaking above Y+1 is completed.
Outlook
The sudden change in price pattern caused by the news shock may not last if the pair drops below Y+1.
As long as B+1 is acting as support, we have to assume the short term trend is up and that potentially more upside is expected.
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