Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Breaking below Y-1 without tagging Y-0 first as explained last week gave us a drop until 100% absolute range expansion. Closed the week below Y-1 and near week low. ...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 MOREHere is a first look at forex brokerage data on a side by side basis. For many beginners who just started trading Forex, this is a very good introduction into ...READ MOREPrecog Vision – Forex 2014-4-18EURUSD Oct 19 to Oct 23 OutlookIntraday Cycle Projection (USDJPY) 2012-05-01EURUSD May 23 to May 27 OutlookPrecog Vision – Forex 2021-7-22Hot n Cold (USDJPY) 2023-1-6A Comparison of Forex Brokerage DataIntraday Cycle Projection (USDJPY) 2019-03-07Intraday Cycle Projection (USDJPY) 2011-06-13Intraday Cycle Projection (USDJPY) 2014-10-27
As Featured In
USDJPY Feb 17 to Feb 21 Outlook
Lawrence’s Comment
As expected ninja consolidated to the down side. Dropped down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
Very tricky setup with 2 completely opposite outcomes.
First, if the weekly buying can hold ninja up at Y-0 / B-1 area, the next daily / weekly up leg will begin. This is the bullish scenario for the week.
Second, if ninja fails to hold B-1, it may flush to a lower low against Y-1. This is the bearish scenario for the week but not bearish at all on the weekly chart until it turns into all out breakdown.
Share