Trading Edges That Last
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Lawrence's Comment Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the ...READ MORELawrence's Comment Recap Euro held support mentioned last week and rallied to normal Y+2 upside target. Strong reaction against Y+2 gave us a drop back down to Y+1. Closed the week below ...READ MOREWeekly Cycle Projection (USDCAD) 2022-09-263DP Odds Table (USDCAD) 2016-05-10Weekly Cycle Projection (USDCAD) 2016-12-19Intraday Cycle Projection (USDCAD) 2020-09-17S&P 500 Feb 01 to Feb 05 OutlookPrecog Vision – Forex 2014-1-23Intraday Cycle Projection (USDCAD) 2015-10-19Precog Vision – Forex 2021-1-27USDJPY Jul 11 to Jul 15 OutlookEURUSD Oct 19 to Oct 23 Outlook
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USDCAD Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Down channel turned into a wedge. Then breakout happened conveniently at the right time sending this back up to my target above. 200% absolute range expansion stopped the run. Closed above Y+1 and midpoint.
Outlook
Strong reaction because all committed shorts had stops piled up between Y-0 and Y+1. That’s why the move is so clean. The stop run only move will need real buying to give us a retest of B+1. B-0 likely this week as players have to reshuffle their positions to get in line with their new expections.
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