Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above ...READ MORELawrence's Comment Recap Y-0 acting as support, rallied to Y+1 as expected. Without any significant selloff formation pulled back to slightly higher than Y-0 and took off again, this implied ...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 MORELawrence's Comment Recap Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint. ...READ MORELawrence's Comment Recap The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0. Outlook As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means ...READ MOREGBPUSD Dec 10 to Dec 14 OutlookEURUSD Mar 07 to Mar 11 OutlookPrecog Vision – Forex 2017-7-123DP Odds Table (EURUSD) 2012-09-053DP Odds Table (EURUSD) 2018-07-24Precog Vision – Forex 2015-9-9USDJPY Aug 25 to Aug 29 OutlookUSDJPY Nov 01 to Nov 05 OutlookHot n Cold (EURUSD) 2014-6-20GBPUSD May 23 to May 27 Outlook
As Featured In
EURUSD Dec 15 to Dec 19 Outlook
Lawrence’s Comment
Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above Y-0 and midpoint.
Outlook
Y+1 / B+1 strong resistance zone. As explained last week, if Euro jumped above Y+1, a squeeze will take Euro back up to mid 1.27s. If Euro consolidates around Y+1 / B+1, another flush below B-1 is likely.
Share