Trading Edges That Last
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Lawrence's Comment Recap The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed ...READ MORELawrence's Comment Recap Consolidation during first half of the week was followed by explosive short squeeze from FOMC announcement. ES pushed to new high for the year. Closed the week above Y+1 ...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 MORE3DP Odds Table (EURUSD) 2021-07-30GBPUSD Aug 15 to Aug 19 Outlook3DP Odds Table (EURUSD) 2016-12-09Intraday Cycle Projection (EURUSD) 2022-03-03Intraday Cycle Projection (EURUSD) 2022-11-24S&P 500 Jun 23 to Jun 27 OutlookAUDUSD Mar 29 to Apr 02 OutlookHot n Cold (EURUSD) 2013-3-8Precog Vision – Forex 2011-7-14Intraday Cycle Projection (EURUSD) 2012-02-07
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EURUSD Apr 29 to May 03 Outlook
Lawrence’s Comment
Was looking for a break of Y-1 and then a slide down to Y-3. Did not happen. No clean break down. Just a consolidation week around Y-1. Closed the week at midpoint and above Y-1.
Outlook
This is type of weekly setup I avoid to trade because the potential sell setup is absorbed making it difficult not like for the longs but also the shorts. Will need to see the reaction at B-1 and B+1, whichever tagged first, before I can tell what is more likely to happen next.
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