Trading Edges That Last
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Lawrence's Comment Recap Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high. Outlook No sign ...READ MORELawrence's Comment Recap Got the pullback as expected. Found support at Y-0. Closed the week above Y-0. Outlook As long as B-1 acting as support, a retest of B+1 / Y+1 is ...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 The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...READ MORELawrence's Comment Recap Instead of a reversal euro managed to break out of its up channel without dropping back down below the support zone. Wild swings at the 2nd half of the ...READ MOREPrecog Vision – Forex 2022-8-3Intraday Cycle Projection (GBPUSD) 2020-12-22Nasdaq 100 Jul 25 to Jul 29 OutlookHot n Cold (GBPUSD) 2016-8-12USDJPY Dec 12 to Dec 16 OutlookIntraday Cycle Projection (GBPUSD) 2017-06-09EURUSD Sep 24 to Sep 28 OutlookPrecog Vision – Forex 2012-2-29S&P 500 Oct 24 to Oct 28 OutlookEURUSD Aug 05 to Aug 09 Outlook
As Featured In
GBPUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Strong reaction to Y-1 as expected. Bounced all the way back to Y-0 and more. 1.61 breakdown level retested and stopped the run. First test led to a drop back down to the midpoint for the week. 2nd attempt led to a break of the midpoint. Closed the week below Y-0 and near midpoint.
Outlook
The normal bounce and failure attempts to go higher are in place. As long as Y-0 to B+1 acting as resistance, looking for retest of B-1. A break of B-1 can lead to a very significantly change in outlook on weekly and monthly.
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