Trading Edges That Last
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Lawrence's Comment Recap Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...READ MORELawrence's Comment Recap Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above ...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 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) 2017-04-27Dow 30 Jul 21 to Jul 25 OutlookIntraday Cycle Projection (EURUSD) 2013-06-26GBPUSD Jul 18 to Jul 22 OutlookIntraday Cycle Projection (EURUSD) 2016-02-01Precog Vision – Forex 2021-10-1S&P 500 Dec 29 to Jan 02 OutlookS&P 500 Nov 19 to Nov 23 Outlook3DP Odds Table (EURUSD) 2019-09-25Precog Vision – Forex 2011-12-19
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EURUSD Aug 17 to Aug 21 Outlook
Lawrence’s Comment
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the squeeze. Closed the week above Y+2 and midpoint.
Outlook
Short squeeze is not a stable setup. A test of B-0 down to Y+1 likely.
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