Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Went higher as expected. The midweek wild swings in NQ was caused by the stock of Apple alone. The rest of the components (99 of them) contributed ...READ MORELawrence's Comment Recap As expected long continuation week for Aussie. Closed the week at week high. Outlook The rally last week was a bit weaker than expected. As all other currencies are ...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 MOREHot n Cold (EURUSD) 2021-10-15EURUSD Dec 18 to Dec 22 OutlookNasdaq 100 Feb 20 to Feb 24 OutlookIntraday Cycle Projection (EURUSD) 2011-11-23AUDUSD Jun 18 to Jun 22 OutlookWeekly Cycle Projection (EURUSD) 2012-05-28Precog Vision – Forex 2016-11-8Hot n Cold (EURUSD) 2019-2-83DP Odds Table (EURUSD) 2022-03-14Intraday Cycle Projection (EURUSD) 2021-02-23
As Featured In
EURUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Consolidated early in the week as a bear flag. Finally bear flag broken to the down side and breached Y-1. Euro reversed its course quickly above previous week close and zoomed higher until 100% absolute range expansion is reached. Closed the week above Y-0 and midpoint.
Outlook
The reversal looks very similar to the one we got with cable in terms of price pattern formation.
For the reversal to work out, we need B-0 to hold and zoom higher this week. As long as Y-1 holds will be interested in potential long setups with target B+2 and above.
Share