Trading Edges That Last
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Lawrence's Comment Recap Y-0 support sent NQ up above Y+1 but it fails to hold above that which led to sell off back down to Y-0 and below. Y-0 was cleared quickly ...READ MORELawrence's Comment Recap Y-1 breached at the start of the week and never get the chance to turn into resistance. Just like Dow, that provided enough fuel to boost ES ...READ MORELawrence's Comment Recap Surprise upside breakout gave us Y+3 target. It was reached mid week and as more shorts are trapped, an all out squeeze sent NQ up to Y+5. Closed the ...READ MOREPrecog Vision – Forex 2011-9-30Precog Vision – Forex 2015-11-26Nasdaq 100 Aug 10 to Aug 14 OutlookDow 30 Jan 04 to Jan 08 OutlookS&P 500 Oct 05 to Oct 09 OutlookS&P 500 Feb 06 to Feb 10 OutlookIntraday Cycle Projection (EURUSD) 2012-05-15Nasdaq 100 Jul 20 to Jul 24 OutlookUSDJPY Apr 11 to Apr 15 OutlookHot n Cold (EURUSD) 2019-5-17
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EURUSD May 05 to May 09 Outlook
Lawrence’s Comment
What a week with euro. Upside breakout first only to close the open gap above and collapsed right back below Y+1 and going all the way back down to Y-1. Y-1 breached but rejected immediately signalling another attempt to hold. Instead of struggling at Y-0, euro zoomed back up to above Y+1 again and fighted at the top part of the range for the week since. Closed the week above Y+1 and midpoint.
Outlook
Outside week. Double FBO on 4 hour. Very rare setup. Since euro was able to close above Y+1. I have to say the breakout direction is now to the upside. Looking for another attempt to clear 1.39 and if that works out, 1.40 should not be a problem.
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