Trading Edges That Last
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ContentReviewEuro Not the Time to Touch ItS&P Delaying the Inevitable Means a Steeper Correction AheadGold Shaping Up for More UpsideBig Picture SummaryReviewEuro another try to break the channel resistance. Outcome ...READ MORELawrence's Comment Recap Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and ...READ MOREDow 30 Jan 08 to Jan 12 OutlookGBPUSD Mar 15 to Mar 19 Outlook3DP Odds Table (USDJPY) 2016-11-22Intraday Cycle Projection (USDJPY) 2021-12-31Hot n Cold (USDJPY) 2012-7-25Precog Vision – Forex 2018-5-24Precog Vision – Forex 2016-11-30MBO Issue 95 (Nov 2019) Time to Sell3DP Odds Table (USDJPY) 2016-02-16S&P 500 Jun 06 to Jun 10 Outlook
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USDJPY Feb 21 to Feb 25 Outlook
Lawrence’s Comment
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The support level mentioned last week holds.
Outlook
As long as B-1 acts as support, a retest of B+1 is in order.
The more interesting scenario is that upon testing B-0 to Y+1, we get a lower high selloff to break B-1. Should that happens, B-3 is the target.
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