Trading Edges That Last
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Lawrence's Comment Recap Euro got its 1.32 test and zoomed thru it to Y+2 and 1.33. Closed the week above Y+2 and midpoint. Outlook Thin rising wedge / up channel in place. It is ...READ MOREUnlike trading index future contracts or commodity future contracts having a steep margin requirement and higher minimum account size across the board, forex trading (and CFD trading) can be done ...READ MORELawrence's Comment Recap Dow completely dominated by bottom pickers in the beginning of the week. Hence failed to clear the previous week close from below. As new low printed mid week, the ...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 MOREPrecog Vision – Forex 2018-2-6Intraday Cycle Projection (EURUSD) 2018-01-29Intraday Cycle Projection (EURUSD) 2012-04-12EURUSD Jul 29 to Aug 02 OutlookPosition Sizing For Forex Traders and CFD Traders3DP Odds Table (EURUSD) 2014-04-283DP Odds Table (EURUSD) 2014-12-30Intraday Cycle Projection (EURUSD) 2022-05-25Dow 30 Feb 03 to Feb 07 OutlookPrecog Vision – Forex 2012-4-11
As Featured In
EURUSD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Breakout play worked out, just to the surprise of many that it was to the upside. It is not a surprise to my premium members as they learned from my newsletter than short side has been too crowded as of end of January. Upside target of Y+3 tagged and the follow through went up to Y+4. Closed the week near Y+3 and above midpoint.
Outlook
Daily down trend broken. Weekly down trend broken. Euro is now in daily and weekly no trend condition which makes all the swings on daily level to have weak or no follow through. B-0 support with consolidation around close likely.
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