Trading Edges That Last
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Lawrence's Comment Recap Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near ...READ MOREPrecog Vision – Forex 2021-3-29Hot n Cold (USDCAD) 2012-8-28Precog Vision – Forex 2020-4-10Hot n Cold (USDCAD) 2022-4-13DP Odds Table (USDCAD) 2015-10-07S&P 500 Nov 18 to Nov 22 OutlookIntraday Cycle Projection (USDCAD) 2011-06-283DP Odds Table (USDCAD) 2019-10-07AUDUSD Oct 12 to Oct 16 OutlookS&P 500 Apr 04 to Apr 08 Outlook
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USDCAD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week at Y-3 and below midpoint.
Outlook
Price reactions at Y-3 suggest a bottom is near.
Will be interested in long setup if we get to see B-0 cleared and acting as support. A run to B+3 is likely once the breakout to the upside is confirmed.
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