Trading Edges That Last
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Lawrence's Comment Recap NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led ...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 Near perfect 2 legs pullback to Y-0 visible on 30-min sparked the rally to clear Y+1. Y+1 served as support since and led toparabolic run to target above 17000 ...READ MORELawrence's Comment Recap Situation in Greece destroyed the bulls hope for another attempt to the upside. Clean breakdown from the start of the week pointed to Y-3 target and we got that ...READ MORE3DP Odds Table (GBPUSD) 2018-12-10Precog Vision – Forex 2019-3-8USDCAD Nov 07 to Nov 11 OutlookNasdaq 100 Feb 02 to Feb 06 OutlookPrecog Vision – Forex 2016-9-163DP Odds Table (GBPUSD) 2019-10-07Dow 30 Mar 07 to Mar 11 Outlook3DP Odds Table (GBPUSD) 2022-11-09Nasdaq 100 Jan 31 to Feb 04 OutlookS&P 500 Jul 06 to Jul 10 Outlook
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GBPUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the week near week high and above Y-0.
Outlook
Potential important swing top in the making. A test of Y+1 or FBO against it will give us a strong breakdown setup with closest target below B-2.
As every country is printing its way out, UK will take advantage of this strength in cable to print more, implying next round of selloff is just around the corner.
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