Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap First time since beginning of the year where Y-0 acted as resistance and gave us a selloff down to my target area 14800-14900. As I warned last week, beware ...READ MORELawrence's Comment Recap Tried to move higher but the price action was just too weak. Bear flag top gave us a flush back down to my downside target Y-2. Closed the week ...READ MORELawrence's Comment Recap Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint. Outlook B-1 retest ...READ MOREPrecog Vision – Forex 2022-11-253DP Odds Table (EURUSD) 2011-07-26USDCAD Aug 20 to Aug 24 OutlookIntraday Cycle Projection (EURUSD) 2019-01-10Weekly Cycle Projection (EURUSD) 2011-12-19Dow 30 Jun 10 to Jun 14 OutlookEURUSD May 13 to May 17 OutlookGBPUSD Jan 21 to Jan 25 OutlookIntraday Cycle Projection (EURUSD) 2018-06-01USDCAD Apr 25 to Apr 29 Outlook
As Featured In
EURUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Drifting around Y-0 as predicted last week. Once the G7 intervention started, breakout above Y+1 and tagged Y+2 tagged. Close at the high of the week.
Outlook
If pullback to B-0 and that it acts as support, B+1 will be retested. What is not clear is whether B+1 will turn into resistance or not on this retest.
2 interesting but rare setups – first, no pullback and break above B+1 and expand to B+2 quickly, that stage a melt up run to much higher level. Second, quick break down below B-1, creating a w. upthrust on weekly will confirm a change of trend to the downside.
Share