Trading Edges That Last
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Lawrence's Comment Recap Euro sold off from Y-0 resistance zone as expected. Y-3 downside target tagged and led to a strong bounce back up. Closed the week near Y-0 and week high. ...READ MORELawrence's Comment Recap Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and ...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 MOREHot n Cold (USDCAD) 2011-12-273DP Odds Table (USDCAD) 2017-01-113DP Odds Table (USDCAD) 2023-04-24Intraday Cycle Projection (USDCAD) 2014-09-12Precog Vision – Forex 2021-1-1EURUSD Jan 11 to Jan 15 OutlookEURUSD Feb 04 to Feb 08 Outlook3DP Odds Table (USDCAD) 2021-07-23Precog Vision – Forex 2022-11-2GBPUSD Dec 05 to Dec 09 Outlook
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USDCAD May 05 to May 09 Outlook
Lawrence’s Comment
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and midpoint.
Outlook
Original daily uptrend was broken but downtrend has not been established yet. As long as Y-1 / B-0 acting as resistance, a retest of B-1 is likely.
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