Trading Edges That Last
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Lawrence's Comment Recap Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1. Outlook Clearly the weekly price levels are not honoured last week. ...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 Gap open in the beginning of the week resulted in spike and ledge selloff. Held Y-0 support perfectly (too perfect?!) and staged a short squeeze to new ...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 MOREDow 30 Apr 24 to Apr 28 OutlookUSDCAD Jan 16 to Jan 20 OutlookPrecog Vision – Forex 2014-5-6S&P 500 Aug 09 to Aug 13 OutlookIntraday Cycle Projection (USDCAD) 2012-04-24S&P 500 Aug 06 to Aug 10 Outlook3DP Odds Table (USDCAD) 2018-06-12Precog Vision – Forex 2018-4-27Dow 30 Jan 03 to Jan 07 Outlook3DP Odds Table (USDCAD) 2011-08-16
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USDCAD Apr 01 to Apr 05 Outlook
Lawrence’s Comment
Got downside breakout which was the side with better odds. Tagged Y-2 target and consolidated since. Closed the week above Y-2 and below midpoint.
Outlook
Notice the way it drops is along a very well defined down trendline. It is a sign of mechanical unloading. Such structured movement do not last. Expect this to snap out of the down move and retesting B-0 / Y-1 first.
If the pair cannot push through Y-1, a retest of B-1 will be next.
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