Trading Edges That Last
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Lawrence's Comment Recap Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint. Outlook Support ...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 Further pullback happened but Y-1 was not tagged. This gives cable the strength to clear Y-0 and gun for Y+1 and above. Closed the week above Y+1 and midpoint. ...READ MORE3DP Odds Table (USDCAD) 2016-06-08Precog Vision – Forex 2011-6-8EURUSD Jan 18 to Jan 22 OutlookDow 30 Feb 24 to Feb 28 Outlook3DP Odds Table (USDCAD) 2012-01-11Hot n Cold (USDCAD) 2019-8-23Precog Vision – Forex 2016-8-173DP Odds Table (USDCAD) 2021-12-30GBPUSD Sep 05 to Sep 09 Outlook3DP Odds Table (USDCAD) 2012-05-28
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Lawrence’s Comment
Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was tagged, renew selling showed up and forced price straight down. Closed the week below Y-0 and near week low.
Outlook
The weekly level consolidation continues. On one hand Y-1 is proven to be important support. On the other hand, B+1 is very important resistance now. Price will be trapped inside this range with very wild swings in between because size players are not willing to risk at price levels in-between.
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