Trading Edges That Last
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Lawrence's Comment Recap Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed ...READ MOREUSDCAD Mar 19 to Mar 23 OutlookPrecog Vision – Forex 2019-10-1Intraday Cycle Projection (USDCAD) 2019-01-21Precog Vision – Forex 2023-5-23DP Odds Table (USDCAD) 2012-04-103DP Odds Table (USDCAD) 2016-07-283DP Odds Table (USDCAD) 2018-02-08Weekly Cycle Projection (USDCAD) 2012-04-163DP Odds Table (USDCAD) 2013-05-10GBPUSD Feb 17 to Feb 21 Outlook
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USDCAD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook
Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
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