Trading Edges That Last
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Lawrence's Comment Recap Opened near Y+1 and stalled. Y-0 found support, retested original resistance mentioned last week. Breached Y-0 and slided down to Y-1 then Y-2. Closed the week below Y-2 and ...READ MORELawrence's Comment Recap This week S&P followed Dow instead of NQ. Consolidated above Y+1. Closed the week above Y+1 and near week high. Outlook A potential swing is in place with price break at ...READ MORELawrence's Comment Recap Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint. Outlook Brexit breakout play off the wide range of B+1 and B-1. This means ...READ MORELawrence's Comment Recap The thin up channel broken to the downside from a FBO against Y+1. Almost tagged Y-2 target mentioned last week. Easiest play of the week. Closed the week near ...READ MORELawrence's Comment Recap Took a week to form the bottom and finally rallied back above 1.0. Outlook Tough battle for US dollar here. To form a good bottom from here, US dollar ...READ MORES&P 500 Jan 27 to Jan 31 Outlook3DP Odds Table (USDJPY) 2012-03-01S&P 500 Oct 28 to Nov 01 Outlook3DP Odds Table (USDJPY) 2015-04-20S&P 500 Jun 20 to Jun 24 OutlookEURUSD Feb 07 to Feb 11 OutlookUSDCAD Aug 28 to Sep 01 OutlookIntraday Cycle Projection (USDJPY) 2015-05-08EURUSD Jun 24 to Jun 28 OutlookUSDCAD Feb 13 to Feb 17 Outlook
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USDJPY Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the week above Y-0 and midpoint.
Outlook
The up move last week was not a strong one but helped to build a support zone at Y-0 / B-0. If that is breached, ninja will drop back down to Y-1 / B-1. If it is a weekly bear flag in the making, ninja will have one more push towards Y+2.
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