Trading Edges That Last
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Lawrence's Comment Recap Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...READ MORELawrence's Comment Recap Bullish bias worked out. Cable held Y-0 and pushed higher later in the week. Closed the week above Y+1 and near week high. Outlook Situation in Greece can affect ...READ MORELawrence's Comment Recap News shock over weekend helped Dow to open above Y-0 which ignited a squeeze to the crime scene where the previous breakdown started. Bad news hit the next day ...READ MOREPrecog Vision – Forex 2015-9-21USDJPY Aug 11 to Aug 15 Outlook3DP Odds Table (USDJPY) 2013-01-03Intraday Cycle Projection (USDJPY) 2016-04-06Intraday Cycle Projection (USDJPY) 2013-01-21GBPUSD Feb 16 to Feb 20 OutlookHot n Cold (USDJPY) 2011-8-31Dow 30 Aug 17 to Aug 21 OutlookWeekly Cycle Projection (USDJPY) 2013-01-073DP Odds Table (USDJPY) 2023-05-02
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USDJPY May 21 to May 25 Outlook
Lawrence’s Comment
Y-0 acted as support and we got the breakout to Y+2. But the rally did not last. Y+1 not even acting as support when news hit and flushed. News shock points to the other extreme which is Y-2. Ninja tagged there and closed the week at its low.
Outlook
We cannot predict news shock but we can react to that. The selloff can be the making of a w. spring, or, a real melt down, so no bottom picking for sure.
Very interested in how next week ninja will behave. Early week buy setup above B-1 will send the pair back up to B-0 quickly.
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