Trading Edges That Last
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Lawrence's Comment Recap Got breakout to the downside. Tagged Y-2. Bounced back to Y-1 and stalled from there. Closed the week at Y-2. Outlook The good - We got the breakout from ...READ MORELawrence's Comment Recap Still the best pair to swing trade. Failed to clear Y-0 midweek gave us a low risk ride down to Y-2 target. The nice surprise was that it flushed ...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 Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint. Outlook Y-0 support ...READ MOREPrecog Vision – Forex 2017-8-11Precog Vision – Forex 2013-5-27AUDUSD Mar 12 to Mar 16 OutlookGBPUSD Jul 08 to Jul 12 OutlookPrecog Vision – Forex 2014-12-10Intraday Cycle Projection (USDJPY) 2015-09-25Precog Vision – Forex 2014-1-7AUDUSD Feb 22 to Feb 26 OutlookIntraday Cycle Projection (USDJPY) 2017-12-27Nasdaq 100 Oct 09 to Oct 13 Outlook
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USDJPY Sep 16 to Sep 20 Outlook
Lawrence’s Comment
As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below midpoint and near Y-0.
Outlook
The bullish setup from the week before last was wasted on this consolidation. Cannot complain as war was looming and that directly affect USD strength across multiple majors.
Longer term on swing basis still bullish but a drop to B-2 is possible once B-1 is breached. Need ninja to pop back above B-0 to get a confirmed continuation to the upside.
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