Trading Edges That Last
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Lawrence's Comment Recap Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. Closed the week ...READ MOREIntraday Cycle Projection (EURUSD) 2022-01-18S&P 500 Apr 06 to Apr 10 OutlookPrecog Vision – Forex 2015-6-2S&P 500 Jul 20 to Jul 24 OutlookPrecog Vision – Forex 2014-8-21Precog Vision – Forex 2016-12-9Hot n Cold (EURUSD) 2012-6-14Intraday Cycle Projection (EURUSD) 2016-06-13Hot n Cold (EURUSD) 2019-1-18EURUSD Nov 18 to Nov 22 Outlook
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EURUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
As expected, once a clean breakout is in place, we get full range expansion in 1 go. The first push towards Y+1 failed to clear the tight range resistance, giving us even better entry opportunity. The breakout to the downside sent euro down to Y-4. Closed the week above Y-3.
Outlook
First significant pullback in euro dollar on weekly. As long as 1.30 down to 1.29 acting as support, it will be the first higher low for euro in weekly.
On daily, the up trend is broken, so any rally will be capped below 1.32 until a strong bottom is formed.
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