Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above ...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 Non-diretional swings caught both bulls and bears by surprise. NQ started the week almost tagging Y-2 and then gapped higher to clean out the stops. Yet by end of ...READ MORELawrence's Comment Recap Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near ...READ MORELawrence's Comment Recap Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint. ...READ MOREAUDUSD Jul 05 to Jul 09 OutlookEURUSD Jul 01 to Jul 05 OutlookHot n Cold (USDJPY) 2018-10-26Precog Vision – Forex 2014-4-17Nasdaq 100 Mar 10 to Mar 14 OutlookAUDUSD Dec 01 to Dec 05 OutlookGBPUSD Sep 26 to Sep 30 OutlookIntraday Cycle Projection (USDJPY) 2016-10-043DP Odds Table (USDJPY) 2022-01-123DP Odds Table (USDJPY) 2015-04-21
As Featured In
USDJPY Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.
Outlook
The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.
Holiday trading will likely bound ninja within 50% week range near the close.
Share