Trading Edges That Last
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Lawrence's Comment Recap Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint. Outlook Euro finally entered its longer term reisstance zone 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 MORELawrence's Comment Recap The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed ...READ MOREGBPUSD Jan 14 to Jan 18 OutlookIntraday Cycle Projection (USDJPY) 2015-12-11EURUSD Mar 21 to Mar 25 OutlookIntraday Cycle Projection (USDJPY) 2013-10-25Precog Vision – Forex 2011-9-7Weekly Cycle Projection (USDJPY) 2019-08-26Weekly Cycle Projection (USDJPY) 2022-11-14Hot n Cold (USDJPY) 2011-7-7AUDUSD Nov 18 to Nov 22 OutlookGBPUSD Aug 15 to Aug 19 Outlook
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USDJPY Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Ninja failed to hold its weekly support and led to liquidation driven breakdown move. The former 108 magic level stopped the drop. Closed the week below Y-4 and near week low.
Outlook
Momentum too strong not to produce a lower low. A snap back above B-1 points to at least short term exhaustion to the down side. A pullback to B-0 is normal.
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