Trading Edges That Last
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Lawrence's Comment Recap Opened the week below previous week low (Y-1) and spring back up. Gap up next to clear the previous week midpoint pointed to test of previous week ...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 MORERecap of last week Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high. ...READ MORELawrence's Comment Recap Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3. Outlook As long as B-0 ...READ MORELawrence's Comment Recap Y-1 acted as support so no selloff. Once traded above Y+1, clean sail to pre-crisis level at Y+5 (notice how exact that was). Closed the week by doubling ...READ MORENasdaq 100 Feb 07 to Feb 11 Outlook3DP Odds Table (EURUSD) 2016-07-08EURUSD Mar 18 to Mar 22 Outlook3DP Odds Table (EURUSD) 2012-07-17Precog Vision – Forex 2020-11-27Precog Vision – Forex 2022-7-26USDJPY Week of Nov 29th to Dec 3rdUSDCAD Sep 09 to Sep 13 OutlookEURUSD Nov 06 to Nov 10 OutlookUSDJPY Apr 04 to Apr 08 Outlook
As Featured In
EURUSD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below Y-0, which opened the door to Y-1 and below. Once Y-1 was taken out, Y-2 was tagged as well. Closed the week at the low.
Outlook
The structural support of euro is coming in around 1.25 area. As long as Y-1 acting as resistance, euro will have no choice but sliding towards the support zone.
If intervention happens again, then B-0 will be taken out quickly and turning into support, there you get a small window of time for a continuation short squeeze back up to B+1.
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