Trading Edges That Last
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Lawrence's Comment Recap Consolidated early in the week and drifted higher to Y+1 as mentioned last week. Pushed higher to 100% absolute range expansion before it stalled. No big surprise. Closed the ...READ MORELawrence's Comment Recap Weekly bull flag breakout gave us new high and 200% range expansion. Closed the week above Y+4 and near week high. Outlook 1.40 resistance is now strong support. Monthly ...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 MORES&P 500 May 13 to May 17 OutlookEURUSD Aug 12 to Aug 16 OutlookIntraday Cycle Projection (EURUSD) 2013-08-123DP Odds Table (EURUSD) 2021-02-02USDCAD Jan 11 to Jan 15 OutlookIntraday Cycle Projection (EURUSD) 2022-09-29Intraday Cycle Projection (EURUSD) 2013-08-13Dow 30 Oct 10 to Oct 14 OutlookIntraday Cycle Projection (EURUSD) 2013-03-21Precog Vision – Forex 2022-6-23
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EURUSD Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book STOPD move on this pair again. Broken Y-1 first, meaning more downside is to be expected, then rallied back to the sell zone mentioned last week. Once the sell zone was tagged, 2nd leg selloff all the way back down to week low. Closed the week at Y-1.
Outlook
As long as B-0 is acting as resistance, long is still out of the question. The likely downside target is B-2. Should the pair rally above B-0, will be looking for quick rally to B+1 and then B+2.
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