Trading Edges That Last
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Bear Putting is the concept of taking advantage of an established down move to capture a part of the move from its remaining momentum to the down side. Similar to ...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 Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed ...READ MOREIntraday Cycle Projection (USDJPY) 2018-07-02Intraday Cycle Projection (USDJPY) 2020-12-21Hot n Cold (USDJPY) 2011-9-20Forex Trading Open Secrets: Euro Dollar Bear PuttingPrecog Vision – Forex 2020-8-24Weekly Cycle Projection (USDJPY) 2013-05-06Precog Vision – Forex 2016-11-16GBPUSD Jun 17 to Jun 21 OutlookUSDJPY Oct 07 to Oct 11 OutlookIntraday Cycle Projection (USDJPY) 2019-05-07
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USDJPY Jan 28 to Feb 01 Outlook
Lawrence’s Comment
Early in the week failed to push higher, got the pullback to exactly my support and then the rally continued. Closed the week above Y+1 and near week high.
Outlook
Last week turned out to be easier to trade than originally thought. I guess the grand posturing of Japan officials and BOJ has now been taken into account by most traders hence the clean moves to exact support.
Notice 88 suport is now created as the new floor level to protect ninja from going lower. This level is the new weekly support zone that has to hold for the rally to continue.
Looking for consolidation around B+1 this week.
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