Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Consolidation as expected. Centered around Y+1 instead of previous week close as Dow gapped up to Y+1 at the start of the week. Closed the week above Y+1 and ...READ MORELawrence's Comment Recap Resistance above Y+1 failed to get NQ filling the open gap below. That in turn produced an upside breakout giving us 100% range expansion off the tight range. Closed ...READ MOREAUDUSD Feb 19 to Feb 23 OutlookDow 30 Sep 01 to Sep 05 OutlookUSDCAD Mar 06 to Mar 10 Outlook3DP Odds Table (EURUSD) 2018-03-21Nasdaq 100 Mar 21 to Mar 25 OutlookIntraday Cycle Projection (EURUSD) 2011-07-073DP Odds Table (EURUSD) 2017-08-29Hot n Cold (EURUSD) 2012-9-11Weekly Cycle Projection (EURUSD) 2020-11-02Hot n Cold (EURUSD) 2013-10-4
As Featured In
EURUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
FOMC announcement decided the fade of Euro by defending PWC and led to an all out short squeeze. Surprise swing points to Y+3 in play. Closed the week above Y+2 and near week high.
Outlook
Just like last few times even though we know ultimately euro will be going down, the short side is just way too crowded. So Euro will bid its time and form another swing top again in a few weeks before resuming its down trend on monthly.
Share