Trading Edges That Last
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Lawrence's Comment Recap The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1. Outlook The reaction at B-0 points to a retest of B-1. Congestion within B-0 ...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 MORE3DP Odds Table (USDCAD) 2018-06-05AUDUSD May 09 to May 13 OutlookIntraday Cycle Projection (USDCAD) 2017-09-25Intraday Cycle Projection (USDCAD) 2020-05-053DP Odds Table (USDCAD) 2022-07-29Hot n Cold (USDCAD) 2011-12-9Intraday Cycle Projection (USDCAD) 2013-10-15Precog Vision – Forex 2021-12-293DP Odds Table (USDCAD) 2023-03-29USDCAD Nov 08 to Nov 12 Outlook
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USDCAD Apr 06 to Apr 10 Outlook
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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