Trading Edges That Last
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Lawrence's Comment Recap NQ was the index out of the three that played nice as it followed the normal consolidation behaviour instead of charging higher. Closed the week below Y+1 and above ...READ MORELawrence's Comment Recap Zoomed higher in early part of the week due to rumors. Once Y+1 area failed to hold this market up, it slided back down to the strong ...READ MORE3DP Odds Table (EURUSD) 2012-01-10Precog Vision – Forex 2018-9-3Precog Vision – Forex 2022-8-3Intraday Cycle Projection (EURUSD) 2022-07-26Nasdaq 100 Nov 10 to Nov 14 Outlook3DP Odds Table (EURUSD) 2012-10-11GBPUSD Dec 28 to Jan 01 OutlookWeekly Cycle Projection (EURUSD) 2012-07-30Intraday Cycle Projection (EURUSD) 2022-06-23Dow 30 Jun 25 to Jun 29 Outlook
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EURUSD Apr 23 to Apr 27 Outlook
Lawrence’s Comment
As stated last week that government intervention is likely and during the week in real-time chat mentioned that 1.30 is the likely spot. We witnessed a classic dirty reversal from 1.30 that gave us the target Y+1 right off the start. Closed the week tagging Y+1 near week high.
Outlook
1.31 is now near term support zone as shorts are trapped from that area. 1.33 (Y+2) is the next upside target once B+1 is cleared.
Government intevention is predictable sometimes, like what I did with euro and yen. What is not predictable is how long such intervention can last, so the long side bias we have this week is in place but it can fail quickly when the effect from the squeeze is gone.
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