Trading Edges That Last
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Lawrence's Comment Recap The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script. Outlook As the support zone ...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 MOREPrecog Vision – Forex 2016-1-14GBPUSD Apr 27 to May 01 OutlookEURUSD Aug 15 to Aug 19 OutlookPrecog Vision – Forex 2011-7-1EURUSD Apr 18 to Apr 22 Outlook3DP Odds Table (USDJPY) 2020-12-10Precog Vision – Forex 2023-4-7Precog Vision – Forex 2017-6-19USDJPY Feb 06 to Feb 10 OutlookAUDUSD May 04 to May 08 Outlook
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Lawrence’s Comment
Popped higher right from the start of the week. Pullback found support at Y+1 / previous week close pointing to Y+2 target in play. Got Y+2 and consolidated around it since. Closed the week near Y+2 and week high.
Outlook
Ninja unstable after tagging 102. On weekly basis ninja has completed its primary upside objective for now. Unless some fundamental event happens, ninja will have a difficult time going higher from here.
A pullback is due but not necessary until ninja is stretched a bit further. A spike high reversal against B+1 points to a more significant pullback to B-1 is likely.
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