Trading Edges That Last
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Lawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...READ MORELawrence's Comment Recap Consolidation as expected in tight range. Cable simply sit at equal distance from Y-0 waiting for something to move it. Closed the week near Y-0 and midpoint. Outlook Inside ...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 Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. ...READ MOREIntraday Cycle Projection (USDCAD) 2020-12-10Precog Vision – Forex 2022-3-23Precog Vision – Forex 2011-6-6AUDUSD Jan 16 to Jan 20 OutlookGBPUSD Mar 30 to Apr 03 OutlookEURUSD Jan 23 to Jan 27 OutlookPrecog Vision – Forex 2021-6-16GBPUSD Mar 04 to Mar 08 OutlookHot n Cold (USDCAD) 2011-8-5Nasdaq 100 Jan 29 to Feb 02 Outlook
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USDCAD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook
Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
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