Trading Edges That Last
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Lawrence's Comment Recap As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The ...READ MORELawrence's Comment Recap Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high. Outlook As ...READ MOREPrecog Vision – Forex 2020-8-243DP Odds Table (EURUSD) 2014-12-23AUDUSD Sep 05 to Sep 09 OutlookUSDJPY Nov 28 to Dec 02 OutlookUSDJPY Feb 21 to Feb 25 Outlook3DP Odds Table (EURUSD) 2017-05-033DP Odds Table (EURUSD) 2011-05-16Intraday Cycle Projection (EURUSD) 2012-09-21Intraday Cycle Projection (EURUSD) 2016-06-24AUDUSD Jan 13 to Jan 17 Outlook
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EURUSD Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above Y-2.
Outlook
Consolidation week ended with a down side close confirm the weakness. Y-3 is now in play as long as Euro fails to close above Y-1 on daily close basis.
ECB meeting this week will definitely induce volatility to the pair. One interesting scenario is a spike top back up to B+1 and immediately dropped back down to below B-0. That will open the door to a quick flush down to Y-3 easily.
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