Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 ...READ MORELawrence's Comment Recap FBO against Y+1 in beginning of the week gave us the downside target of Y-1. Took out Y-1 and tagged Y-2 in 1 go. Bounced back above ...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 Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the ...READ MOREIntraday Cycle Projection (EURUSD) 2012-06-26EURUSD Sep 02 to Sep 06 OutlookAUDUSD Mar 26 to Mar 30 OutlookWeekly Cycle Projection (EURUSD) 2017-08-21Precog Vision – Forex 2019-2-1Precog Vision – Forex 2022-6-173DP Odds Table (EURUSD) 2011-04-053DP Odds Table (EURUSD) 2023-01-093DP Odds Table (EURUSD) 2018-03-01GBPUSD Dec 16 to Dec 20 Outlook
As Featured In
EURUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro snapped out of its down trend, it still has to deal with trapped long from above 1.09. This means even though a short term bottom is in place, there is still likely shake out move pressing euro back down to below Y-0 or even retesting Y-1 before Euro can go higher.
Share