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 ES smply gap down and break Y-1 right off the start. This opened the door to Y-2. ES struggled to hold up with a bear flag and eventually gave ...READ MORELawrence's Comment Recap Y-0 acted as support and closed the week above Y+1. Outlook Consolidation after a strong rally is normal. breakout above Y+1 to B+1 will give us B+3 target. Failure ...READ MORELawrence's Comment Recap As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but ...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 2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2. Outlook Option expiration week is over. This week the bias is in general ...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 MOREPrecog Vision – Forex 2021-11-16S&P 500 Nov 16 to Nov 20 OutlookAUDUSD Oct 24 to Oct 28 OutlookIntraday Cycle Projection (USDCAD) 2017-11-01USDJPY Oct 05 to Oct 09 OutlookPrecog Vision – Forex 2018-4-5Dow 30 Mar 28 to Apr 01 OutlookNasdaq 100 Dec 19 to Dec 23 OutlookNasdaq 100 Feb 06 to Feb 10 OutlookPrecog Vision – Forex 2023-3-14
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USDCAD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
Mentioned last week I am not interested in Loonie this week. Time saved as it did absolutely nothing the whole week. Closed the week at midpoint with a very tight range.
Outlook
The triangle visible on 4 hours and higher timeframe is still in force. No point to touch this pair until one side wins the battle and can prove that they can push it all the way for the win.
What that means is that I wanted to see a breakout and the initial pullback has to be as shallow as possible and definitely has to be outside of the tight range defined over the past few weeks.
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