Trading Edges That Last
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Lawrence's Comment Recap Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint. Outlook Consolidation after wide ...READ MORELawrence's Comment Recap The week started out as expected with a pop going higher to take care of the gap above and tested the resistance in 1 go. Then NQ total collapse ...READ MORELawrence's Comment Recap Clean break of Y-1 instead of FBO. That set the stage to a run down to Y-3. Y-3 tagged and gave us a bounce. Y-2 acted as resistance and ...READ MOREPrecog Vision – Forex 2015-9-7AUDUSD Jul 14 to Jul 18 OutlookIntraday Cycle Projection (EURUSD) 2019-09-09Nasdaq 100 Sep 02 to Sep 06 OutlookEURUSD Aug 25 to Aug 29 OutlookIntraday Cycle Projection (EURUSD) 2011-05-04Hot n Cold (EURUSD) 2012-1-12Intraday Cycle Projection (EURUSD) 2012-07-12Hot n Cold (EURUSD) 2012-7-31USDJPY May 02 to May 06 Outlook
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EURUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Y-2 / 1.26 indeed stopped the drop and staged a bounce. Yet it failed to clear Y-1 resulting in another flush lower to near Y-3. Closed the week below Y-2 and near week low.
Outlook
Euro has expanded its weekly level flush to near 1.25 where it is now over extended by time, finally. With such strong momentum to the down side, it is expected to be difficult to bounce back up.
If euro can successfully stage an earlier we reversal from slightly below B-1 to above B-0 in 1 go, we have a counter-trend play with target above B+2.
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