Trading Edges That Last
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Lawrence's Comment Recap 2-way action around previous week close. Head and shoulder breakdown capped by higher timeframe support below and led to a squeeze higher back up to shoulder top. Closed the ...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 MORE3DP Odds Table (USDJPY) 2011-11-14Precog Vision – Forex 2014-6-273DP Odds Table (USDJPY) 2018-09-03Precog Vision – Forex 2017-9-283DP Odds Table (USDJPY) 2023-01-233DP Odds Table (USDJPY) 2021-09-02Nasdaq 100 May 23 to May 27 OutlookHot n Cold (USDJPY) 2012-4-11Precog Vision – Forex 2019-9-19Nasdaq 100 Mar 10 to Mar 14 Outlook
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USDJPY Jul 29 to Aug 02 Outlook
Lawrence’s Comment
The bear flag mentioned last time worked out and dropped ninja down to Y-2 where the 98 boundary is. Closed the week below midpoint and below Y-1.
Outlook
2nd leg of the daily level pullback in progress. As long as ninja not giving us an all out breakdown with still play ninja cautiously on the downside.
This week more downside is expected with Y-3 being strong potential reversal zone. A quick flush below Y-2 and snap back up above B-1 on daily close basis will trigger a squeeze back up to at least Y-0.
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