Trading Edges That Last
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Bull Putting is the concept of taking advantage of a strong up swing to catch some profit from the remaining part of the move. The idea is sound but most ...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 MORELawrence's Comment Recap Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...READ MORE3DP Odds Table (USDCAD) 2020-04-28Intraday Cycle Projection (USDCAD) 2020-11-18Precog Vision – Forex 2015-3-16Forex Trading Open Secrets: Euro Dollar Bull Putting3DP Odds Table (USDCAD) 2022-10-17Hot n Cold (USDCAD) 2011-12-30Intraday Cycle Projection (USDCAD) 2015-05-22Intraday Cycle Projection (USDCAD) 2021-09-13Precog Vision – Forex 2011-5-27AUDUSD Aug 22 to Aug 26 Outlook
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USDCAD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
First move in the week caught me by surprise – zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week I was looking for weaknesses in the pair and I got it 1/2 right. Seems like the sellers were not in controll at all when we got that stop run move to the upside. That signals the potential of a bottom in the making for the near term.
Swing trading will not be a good idea for this pair until after a clear direction is established.
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