Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y+1 support sent this higher until 100% absolute range expansion is tagged. Consolidated since. Closed the week near Y+1 and below midpoint. Outlook Slow rip to higher level suggests ...READ MORELawrence's Comment Recap As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but ...READ MORELawrence's Comment Recap Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The ...READ MORELawrence's Comment Recap Got the upside breakout. But failed to clear 16500 round number hurdle. Then bad news hit and all the stubborn longs were trapped. Flushed back down equal distance and ...READ MORELawrence's Comment Recap The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did ...READ MORES&P 500 Jun 17 to Jun 21 OutlookUSDCAD Aug 31 to Sep 04 OutlookUSDCAD Apr 05 to Apr 09 OutlookUSDJPY Oct 05 to Oct 09 OutlookHot n Cold (EURUSD) 2012-4-25USDJPY Oct 31 to Nov 04 OutlookIntraday Cycle Projection (EURUSD) 2019-02-13Dow 30 Apr 28 to May 02 Outlook3DP Odds Table (EURUSD) 2012-01-18EURUSD Dec 19 to Dec 23 Outlook
As Featured In
EURUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Consolidated early in the week as a bear flag. Finally bear flag broken to the down side and breached Y-1. Euro reversed its course quickly above previous week close and zoomed higher until 100% absolute range expansion is reached. Closed the week above Y-0 and midpoint.
Outlook
The reversal looks very similar to the one we got with cable in terms of price pattern formation.
For the reversal to work out, we need B-0 to hold and zoom higher this week. As long as Y-1 holds will be interested in potential long setups with target B+2 and above.
Share