Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend ...READ MORELawrence's Comment Recap Pullback started. Dropped close to 77. Not quite 76.5 support zone yet. Outlook If USDJPY is doing a spike and ledge like the previous invention, then 76.5 would not hold ...READ MORELawrence's Comment Recap Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce ...READ MORELawrence's Comment Recap As expected, ES drifted up early in the week to the huge bear flag formation target of 1230-1240 area as mentioned last week. Then ES sold off ...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 (AUDUSD) 2018-09-26EURUSD Aug 03 to Aug 07 Outlook3DP Odds Table (AUDUSD) 2017-11-103DP Odds Table (AUDUSD) 2016-05-06USDJPY Nov 14 to Nov 18 OutlookEURUSD Dec 05 to Dec 09 OutlookNasdaq 100 Dec 10 to Dec 14 OutlookS&P 500 Sep 05 to Sep 09 OutlookPrecog Vision – Forex 2022-10-203DP Odds Table (AUDUSD) 2022-10-14
As Featured In
AUDUSD Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Got breakout to the downside. Tagged Y-2. Bounced back to Y-1 and stalled from there. Closed the week at Y-2.
Outlook
The good – We got the breakout from the 4 week range finally.
The bad – It went back into the range by close.
If this pair can break B-1 clean, a long term sell is in place and we are looking for at least B-3.
If a 1-2-3 buy from here breaking above Y-1, will get B+1 quickly. And that means it is back to range trading again.
Share