Trading Edges That Last
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Lawrence's Comment Recap Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint. Outlook Compression points to breakout mode. The struggle to hold Y-0 points to ...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 MORELawrence's Comment Recap Bounced off Y-1 area in the beginning of the week but failed to clear Y-0. Dropped to below Y-1. As expected Japnese government intervened. Closed the week at week ...READ MORELawrence's Comment Recap Completely stuck within Y-0 to Y+1. Makes sense because cable is not the primary target of the intervention done 2 weeks ago. Outlook Breakout mode. Am not expecting a ...READ MOREPrecog Vision – Forex 2018-7-183DP Odds Table (EURUSD) 2012-02-09GBPUSD Feb 15 to Feb 19 OutlookPrecog Vision – Forex 2016-3-163DP Odds Table (EURUSD) 2015-11-30Hot n Cold (EURUSD) 2016-1-8USDJPY Jun 03 to Jun 07 Outlook3DP Odds Table (EURUSD) 2019-10-07Intraday Cycle Projection (EURUSD) 2021-11-11GBPUSD Dec 12 to Dec 16 Outlook
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EURUSD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
Consolidated around Y+1 all week. No real direction. Closed the week below Y+1 and above midpoint.
Outlook
As mentioned last week, euro on weekly close basis as long as it cannot clear Y+1, it is likely a daily level swing top is in place. Euro just closed near Y+1 to keep us guessing.
At this point a short term sell setup at 1.34 area will take euro back down to B-2.
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