Trading Edges That Last
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Lawrence's Comment Recap Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush ...READ MORELawrence's Comment Recap NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair ...READ MOREDow 30 Oct 09 to Oct 13 OutlookIntraday Cycle Projection (USDCAD) 2021-09-09Precog Vision – Forex 2018-1-12Intraday Cycle Projection (USDCAD) 2021-06-10EURUSD Jan 30 to Feb 03 OutlookUSDJPY Jun 06 to Jun 10 OutlookEURUSD Jun 18 to Jun 22 OutlookNasdaq 100 May 02 to May 06 OutlookEURUSD Mar 13 to Mar 17 OutlookS&P 500 Jul 04 to Jul 08 Outlook
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USDCAD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
First move in the week caught me by surprise – zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week I was looking for weaknesses in the pair and I got it 1/2 right. Seems like the sellers were not in controll at all when we got that stop run move to the upside. That signals the potential of a bottom in the making for the near term.
Swing trading will not be a good idea for this pair until after a clear direction is established.
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