Trading Edges That Last
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Lawrence's Comment Recap Got Y+1 target right from the start. Then failed to stay above Y+1 and induced a flush back down to fill the gap and tag Y-0. The flush continued ...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 MORELawrence's Comment Recap Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...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 Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...READ MOREPrecog Vision – Forex 2020-8-263DP Odds Table (USDCAD) 2020-06-08Dow 30 Mar 04 to Mar 08 OutlookPrecog Vision – Forex 2016-8-18Precog Vision – Forex 2012-6-4Dow 30 Apr 21 to Apr 25 Outlook3DP Odds Table (USDCAD) 2012-02-24S&P 500 Oct 18 to Oct 22 OutlookPrecog Vision – Forex 2019-7-25USDJPY May 05 to May 09 Outlook
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USDCAD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint.
Outlook
The end of week breakdown is normal for consolidation at Y-1. It is not a good predictor of direction. A quick reversal from a mild breach of B-1 back up to above B-0 will trigger a run to Y-0 / B+2.
As long as that has not happened yet, more down side to B-2 is likely.
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