Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support ...READ MOREForex price actions on Mondays provide very important clues on what to expect for the rest of the week. Most of the time, day traders tend to focus so much ...READ MORE3DP Odds Table (USDJPY) 2014-09-24Intraday Cycle Projection (USDJPY) 2021-08-05Nasdaq 100 Dec 07 to Dec 11 OutlookWeekly Cycle Projection (USDJPY) 2016-03-14AUDUSD Sep 19 to Sep 23 OutlookWeekly Bias: Forex Monday3DP Odds Table (USDJPY) 2020-05-06EURUSD Aug 09 to Aug 13 OutlookHot n Cold (USDJPY) 2011-11-2Weekly Cycle Projection (USDJPY) 2016-06-13
As Featured In
USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
Share