Trading Edges That Last
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Lawrence's Comment Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint. Outlook 1.35 has been long term support for ...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 MOREIntraday Cycle Projection (USDCAD) 2018-09-19Precog Vision – Forex 2015-10-23DP Odds Table (USDCAD) 2018-04-093DP Odds Table (USDCAD) 2016-04-043DP Odds Table (USDCAD) 2014-01-073DP Odds Table (USDCAD) 2016-04-13EURUSD Jul 21 to Jul 25 OutlookEURUSD Oct 16 to Oct 20 OutlookPrecog Vision – Forex 2021-2-2USDCAD Feb 11 to Feb 15 Outlook
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USDCAD Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Moved back to support as expected and the structured selling reappeared. Finally the support level was broken leading to a flush doubling the consolidation range and tagged Y-1 in 1 go. Closed the week above Y-1 and below midpoint.
Outlook
As mentioned last week, it was a 50/50 bet for the pair to hold the support level.
As long as Y-1 acting as support, looking for a retest of B+1 in the making.
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