Trading Edges That Last
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Lawrence's Comment Recap Complex swings in the beginning of the week where the bulls tried to defend the Y-0 / Y-1 zone to form a bottom. Took a FBO against Y-1 to ...READ MORELawrence's Comment Recap Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...READ MORELawrence's Comment Recap Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ ...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 Jun 08 to Jun 12 OutlookDow 30 Jun 04 to Jun 08 Outlook3DP Odds Table (USDCAD) 2020-11-13Nasdaq 100 May 30 to Jun 03 OutlookPrecog Vision – Forex 2014-4-13DP Odds Table (USDCAD) 2018-12-27USDJPY May 17 to May 21 OutlookHot n Cold (USDCAD) 2011-5-17Dow 30 Dec 12 to Dec 16 Outlook3DP Odds Table (USDCAD) 2011-10-17
As Featured In
USDCAD Apr 04 to Apr 08 Outlook
Lawrence’s Comment
Previous week close acted as resistance early in the week. That is the strongest sign that a test of previous week low (Y-1) was in play. Once traded below Y-1, Y-3 was the next target and by end of the week, the pair dropped to the target zone.
Outlook
Y-3 should be tagged early in the week and reaction there will determine the next move.
A w. spring action in the Y-3 to B-1 zone implies a run towards B-0.
A break of the same zone with that turning into resistance means a flush towards B-2.
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