Trading Edges That Last
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Lawrence's Comment Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end ...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 MOREIt has been a year since I published the Quid Piker trading system for British Pound. I guess it is a good time to review the model and discuss about ...READ MORES&P 500 Nov 20 to Nov 24 OutlookNasdaq 100 Apr 03 to Apr 07 OutlookS&P 500 Nov 18 to Nov 22 OutlookPrecog Vision – Forex 2016-9-23EURUSD Jan 06 to Jan 10 OutlookNasdaq 100 Apr 04 to Apr 08 OutlookPrecog Vision – Forex 2011-5-12Update on Quid Piker the British Pound Trading3DP Odds Table (EURUSD) 2011-12-063DP Odds Table (EURUSD) 2017-05-17
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EURUSD May 27 to May 31 Outlook
Lawrence’s Comment
Euro held the close from the week before last and drifted up slowly. It cleared Y-0 and tried to zoom higher. Then the news shock came and sent it all the way back down to week low. Still refused to go lower, Euro rallied back up to week high again. Closed the week above midpoint and Y-0.
Outlook
Inside week with Y-0 and B-0 near each other. Clearly compression in progress. Breakout play in the making. Since euro was trending down, it favours a push down to Y-1 first. A break of Y-1 points to B-2 and below quickly. Holding Y-1 can lead to potential whiplash move back to Y+1.
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