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 MOREFor 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 Quick zoom to B+2 as expected. Closed the week near midpoint. Outlook Short term bottom likely in place. If B-1 failed to act as support, a flush back down ...READ MOREFor 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 MOREFor 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 MORELawrence's Comment Recap Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...READ MORE3DP Odds Table (USDCAD) 2014-03-10S&P 500 Feb 01 to Feb 05 OutlookPrecog Vision – Forex 2014-4-15Nasdaq 100 Jan 30 to Feb 03 OutlookPrecog Vision – Forex 2012-5-10USDCAD May 14 to May 18 OutlookPrecog Vision – Forex 2018-4-4Hot n Cold (USDCAD) 2021-11-5Precog Vision – Forex 2022-2-22USDJPY Jul 23 to Jul 27 Outlook
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USDCAD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a slight lower low against the beginning of the week, to shake out all the weak longs, and then zoom up all the way on the news shock. Closed the week above Y+3 and at the week high.
Outlook
Successfully broken out of the multiple week tight range. An uptrend is now defined. As long as B-0 down to Y+1 can act as support there is no reason why this cannot go a lot higher.
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