Trading Edges That Last
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Lawrence's Comment Recap Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...READ MORELawrence's Comment Recap FBO against Y+1 gave us a drop until 100% absolute range expansion. Since then bounced back up to week midpoint. Closed the week near Y-0 and below midpoint. ...READ MOREUSDJPY Apr 23 to Apr 27 OutlookPrecog Vision – Forex 2017-11-1Dow 30 May 07 to May 11 Outlook3DP Odds Table (EURUSD) 2015-04-13Hot n Cold (EURUSD) 2018-10-5Precog Vision – Forex 2016-1-18Hot n Cold (EURUSD) 2011-12-22Hot n Cold (EURUSD) 2012-6-28GBPUSD Aug 15 to Aug 19 OutlookUSDCAD Oct 03 to Oct 07 Outlook
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EURUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week near Y-0 and above midpoint.
Outlook
Consolidation up drift back to Y-0 resistance zone is not a surprise. Back to weekly down trend resistance means a decision has to be made early next week if Y-0 / B+1 will force a turn back down. If so, we get Y-1 again.
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