Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and ...READ MORELawrence's Comment Recap Upside breakout in the classic 1-2-3 setup, 200% upside expansion target (Y+3) tagged quickly and pulled back to Y+1 as support. Bounced between Y+3 and Y+1 since. Closed ...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 MOREWeekly Cycle Projection (USDCAD) 2023-01-16Intraday Cycle Projection (USDCAD) 2015-03-163DP Odds Table (USDCAD) 2018-04-26Precog Vision – Forex 2017-6-20USDCAD Jul 15 to Jul 19 OutlookUSDCAD Mar 21 to Mar 25 OutlookGBPUSD Sep 17 to Sep 21 OutlookIntraday Cycle Projection (USDCAD) 2017-06-08Precog Vision – Forex 2015-12-93DP Odds Table (USDCAD) 2018-10-08
As Featured In
USDCAD Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Moved back to support as expected and the structured selling reappeared. Finally the support level was broken leading to a flush doubling the consolidation range and tagged Y-1 in 1 go. Closed the week above Y-1 and below midpoint.
Outlook
As mentioned last week, it was a 50/50 bet for the pair to hold the support level.
As long as Y-1 acting as support, looking for a retest of B+1 in the making.
Share