Trading Edges That Last
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Lawrence's Comment Recap NQ gapped above Y+1 and filled the open gap above early in the week. Since then NQ struggled to go higher but holding onto its support at Y+1. End ...READ MOREContent Review Euro is Acting Like the Stock Price of a Company Heading Towards Bankruptcy S&P First Reaction is Now ...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 MOREEURUSD Apr 30 to May 04 Outlook3DP Odds Table (USDJPY) 2012-03-06Precog Vision – Forex 2014-2-253DP Odds Table (USDJPY) 2014-07-153DP Odds Table (USDJPY) 2012-02-03Nasdaq 100 Oct 12 to Oct 16 OutlookMBO Issue 89 (May 2019) First Tradable PullbackPrecog Vision – Forex 2013-8-22GBPUSD Jul 05 to Jul 09 Outlook3DP Odds Table (USDJPY) 2020-06-01
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USDJPY Aug 25 to Aug 29 Outlook
Lawrence’s Comment
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
Outlook
As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the chart says breakout mode.
Normal breakout run gives us on average 200% previous week range. We got 300% this time. Consolidation likely around the closing price.
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