Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and ...READ MORELawrence's Comment Recap Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...READ MOREDow 30 Jun 11 to Jun 15 OutlookIntraday Cycle Projection (EURUSD) 2015-03-16GBPUSD Jun 20 to Jun 24 OutlookWeekly Cycle Projection (EURUSD) 2012-11-19Hot n Cold (EURUSD) 2017-10-63DP Odds Table (EURUSD) 2021-04-22Dow 30 Feb 11 to Feb 15 Outlook3DP Odds Table (EURUSD) 2022-05-18Intraday Cycle Projection (EURUSD) 2021-06-14Nasdaq 100 Mar 30 to Apr 03 Outlook
As Featured In
EURUSD Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Euro could not hold up and retested Y-1. Then well timed news shock were released to punish the sellers. FBO against Y-1 that cleared Y-0 in 1 go gave way to Y+1 as target. Euro almost got it. Closed the week above midpoint and near Y+1.
Outlook
Problem not resolved. Simply jaw boning from politicians gave us the short squeeze but it is not sustainable. Until euro zone comes up with a better plan or overall resolution to their problems, euro will easily fall back down to at least below B-0.
News driven environment hence not good for swing traders.
Share