Trading Edges That Last
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Lawrence's Comment Recap The magic of intervention took Dow back up to where the waterfall selloff started. Leaving behind 3 huge open gaps with the strongest single leg bounce on daily in ...READ MORELawrence's Comment Recap Looking for a breakout and we got that at the end of the week. Ran straight to Y+2 as well. Closed at week high. Outlook Personally I missed the ...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 Weaknesses continue as expected. First try testing Y-0 failed leading to new low for the week. The w. spring type action still fail to take the pair to ...READ MORELawrence's Comment Recap Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week. ...READ MOREDow 30 Oct 27 to Oct 31 OutlookIntraday Cycle Projection (USDCAD) 2015-07-203DP Odds Table (USDCAD) 2015-01-193DP Odds Table (USDCAD) 2023-01-13GBPUSD Jun 18 to Jun 22 OutlookPrecog Vision – Forex 2022-1-5EURUSD Jan 21 to Jan 25 OutlookHot n Cold (USDCAD) 2012-11-5USDJPY May 02 to May 06 OutlookDow 30 Sep 12 to Sep 16 Outlook
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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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