Trading Edges That Last
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Lawrence's Comment Recap Enough people thought that they are so smart in recognizing the Friday prior to lask week as some kind of capitulation, they got themselves into a wild ride ...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 Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and ...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 MORENasdaq 100 Aug 15 to Aug 19 OutlookPrecog Vision – Forex 2018-5-14USDCAD Jul 03 to Jul 07 OutlookPrecog Vision – Forex 2011-12-16Dow 30 Sep 21 to Sep 25 OutlookPrecog Vision – Forex 2021-10-19Weekly Cycle Projection (EURUSD) 2016-08-15USDCAD Feb 22 to Feb 26 OutlookEURUSD Jun 01 to Jun 05 OutlookUSDCAD Dec 25 to Dec 29 Outlook
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EURUSD Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book STOPD move on this pair again. Broken Y-1 first, meaning more downside is to be expected, then rallied back to the sell zone mentioned last week. Once the sell zone was tagged, 2nd leg selloff all the way back down to week low. Closed the week at Y-1.
Outlook
As long as B-0 is acting as resistance, long is still out of the question. The likely downside target is B-2. Should the pair rally above B-0, will be looking for quick rally to B+1 and then B+2.
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