Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...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 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 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 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 MOREEURUSD Apr 24 to Apr 28 OutlookS&P 500 Oct 24 to Oct 28 Outlook3DP Odds Table (USDCAD) 2019-01-31Precog Vision – Forex 2017-10-27Precog Vision – Forex 2023-2-28EURUSD Dec 21 to Dec 25 OutlookIntraday Cycle Projection (USDCAD) 2012-03-16Precog Vision – Forex 2021-7-28Precog Vision – Forex 2021-11-16GBPUSD Jun 24 to Jun 28 Outlook
As Featured In
USDCAD Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Continue the consolidation process as expected. Test of Y-1 resulted in a bounce to Y-0 then slow drift back down to Y-1. Closed the week near week low.
Outlook
A clear resistance line has developed over the past 2 weeks. A clean breakout above B-0 which also holding above the resistance line will produce a rally back to B+2.
Failing to breakout upside points to B-2 in play as it is likely to take a flush to take out the weak longs.
Share