Trading Edges That Last
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Lawrence's Comment Recap Ninja failed to clear Y+1 gave us a drop to Y-1. Ninja reacted to Y-1 but it failed to stop the drop right there. A bear flag on 4 ...READ MORELawrence's Comment Recap Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...READ MORELawrence's Comment Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint. Outlook Rally was a result ...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 MORELawrence's Comment Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint. Outlook 1.08 ...READ MOREUSDJPY Jan 05 to Jan 09 OutlookS&P 500 Dec 22 to Dec 26 OutlookUSDJPY Dec 23 to Dec 27 Outlook3DP Odds Table (EURUSD) 2015-03-183DP Odds Table (EURUSD) 2020-06-01Weekly Cycle Projection (EURUSD) 2015-09-14GBPUSD Apr 22 to Apr 26 OutlookPrecog Vision – Forex 2017-5-11USDCAD Jan 20 to Jan 24 OutlookIntraday Cycle Projection (EURUSD) 2016-02-26
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.
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