Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Nasdaq is the week one out of the 3 indices this past week. As pointed out last week, NQ has strong resistance at Y-0. Thus after tagging that, ...READ MORELawrence's Comment Recap Couldn't form a low early in the week above 4100 led to the expected stop hunt mentioned last week. Since then NQ gapped back up above 4100 and fought ...READ MOREIntraday Cycle Projection (USDJPY) 2015-10-02Hot n Cold (USDJPY) 2013-10-253DP Odds Table (USDJPY) 2016-08-03Nasdaq 100 Dec 26 to Dec 30 OutlookIntraday Cycle Projection (USDJPY) 2018-08-09USDJPY Dec 26 to Dec 30 OutlookNasdaq 100 Oct 05 to Oct 09 Outlook3DP Odds Table (USDJPY) 2014-08-14Nasdaq 100 Jun 20 to Jun 24 OutlookIntraday Cycle Projection (USDJPY) 2013-02-12
As Featured In
USDJPY Jul 04 to Jul 08 Outlook
Lawrence’s Comment
As expected yen failed to escape out of the range established in the past few weeks. Tried to take out Y+2 and failed. Fell ack down to Y-0 and tried once more to the upside and rejected. Closed the week close to and above Y+1.
Outlook
As Y+2 was rejected decisively, the pair is likely to be forced to go back down to retest B-1 and Y-1 zone. No real direction is established from the price action of last week so congestion is expected to continue into this week.
Share