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 Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below ...READ MORELawrence's Comment Recap Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls ...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 MOREUSDCAD Aug 09 to Aug 13 OutlookPrecog Vision – Forex 2018-6-213DP Odds Table (USDJPY) 2019-07-093DP Odds Table (USDJPY) 2013-08-29EURUSD May 11 to May 15 Outlook3DP Odds Table (USDJPY) 2022-05-19S&P 500 Feb 18 to Feb 22 OutlookPrecog Vision – Forex 2019-10-7Precog Vision – Forex 2018-3-19USDCAD Feb 04 to Feb 08 Outlook
As Featured In
USDJPY Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal with Y+1 target. Ninja did not stop there as more news fed out to push it even higher. Got Y+3 then Y+4 in 1 go. Closed the week at week high and Y+5.
Outlook
Much faster price swings then anticipated, both downside and then upside. Did not participated in the last push to Y+5 as that part was way beyond normal expectations.
This week consolidation around Y+5 is expected. Not the usual tight range one though because past week was 350%+ range expansion. This week we can easily see swings to as high as 99.3 and as low as 96.4. Extreme volatility induce more volatility in coming weeks.
Share