Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint. Outlook Strong resistance zone above B+1 upto B+2 ...READ MORELawrence's Comment Recap Y-0 support started a squeeze as expected. Y+1 and Y+2 targets tagged easily. Closed the week above Y+2 and near week high. Outlook Consolidation play until NFP Friday. Shorten ...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 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 Got the upside breakout. But failed to clear 16500 round number hurdle. Then bad news hit and all the stubborn longs were trapped. Flushed back down equal distance and ...READ MORELawrence's Comment Recap Aussie broke out to the upside tagging Y+2 but failed to hold above Y+1. That opened the door to Y-1 due to the violent FBO. Y-1 tagged next. Closed ...READ MOREAUDUSD Jun 10 to Jun 14 OutlookGBPUSD Mar 14 to Mar 18 OutlookS&P 500 May 30 to Jun 03 OutlookPrecog Vision – Forex 2011-9-12GBPUSD Mar 29 to Apr 02 OutlookPrecog Vision – Forex 2019-4-2Dow 30 Jun 21 to Jun 25 OutlookDow 30 Apr 28 to May 02 Outlook3DP Odds Table (USDJPY) 2014-03-03AUDUSD Jul 07 to Jul 11 Outlook
As Featured In
USDJPY Aug 27 to Aug 31 Outlook
Lawrence’s Comment
Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into full break down until 100% absolute range expansion was reached.
Outlook
Very odd breakdown due to news shock. Unless price can push back above Y-0 / B-0, short term longs are trapped.
More weaknesses expected this coming week.
Share