Trading Edges That Last
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Lawrence's Comment Recap ES failed to push up beyond 25% prior week range early in the week signalling trouble to form a bottom. The break below Y-1 gave us a ...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 Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 ...READ MORELawrence's Comment Recap Breached Y+1 early in the week telling us Y+2 in play. Pulled back around 15 points (not quite the 20 points from expectation), then zoom up to target. ...READ MORENasdaq 100 Feb 05 to Feb 09 OutlookHot n Cold (GBPUSD) 2012-8-2GBPUSD Feb 01 to Feb 05 OutlookDow 30 Oct 30 to Nov 03 OutlookPrecog Vision – Forex 2013-9-63DP Odds Table (GBPUSD) 2012-04-18S&P 500 Nov 19 to Nov 23 OutlookPrecog Vision – Forex 2021-1-11USDCAD Jan 13 to Jan 17 OutlookNasdaq 100 Feb 21 to Feb 25 Outlook
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GBPUSD Apr 28 to May 02 Outlook
Lawrence’s Comment
Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint.
Outlook
Inside week and extreme tight range. Breakout play above B+1 points to at least B+3. I understand that upside breakout is counter-intuitive with the current situation in Ukraine but it can still happen.
A break of Y-0 decisively, can lead to all out flush back down to Y-1 and Y-2.
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