Trading Edges That Last
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Lawrence's Comment Recap Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low. Outlook The monthly resistance is now confirmed. B-0 / Y+1 very strong ...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 Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint. Outlook Next upside target is 86. Ninja is at a ...READ MOREPrecog Vision – Forex 2018-10-15Precog Vision – Forex 2016-4-4Intraday Cycle Projection (USDCAD) 2021-08-30EURUSD Oct 25 to Oct 29 Outlook3DP Odds Table (USDCAD) 2019-08-15GBPUSD May 09 to May 13 OutlookPrecog Vision – Forex 2014-6-6Hot n Cold (USDCAD) 2011-9-22USDJPY Nov 26 to Nov 30 OutlookIntraday Cycle Projection (USDCAD) 2012-12-05
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USDCAD Apr 01 to Apr 05 Outlook
Lawrence’s Comment
Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint.
Outlook
Notice the way it drops is along a very well defined down trendline. It is a sign of mechanical unloading. Such structured movement do not last. Expect this to snap out of the down move and retesting B-0 / Y-1 first.
If the pair cannot push through Y-1, a retest of B-1 will be next.
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