Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Consolidation expected and euro stayed that way until ECB's surprise rate cut. Since then it was one big flush until 200% expansion level is reached. Closed the week near ...READ MORELawrence's Comment Recap Popped higher right from the start of the week and tagged Y+2. This opened the doorway to go higher. Then pullback to above Y-0 forming a double bottom on ...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 Euro sold off from Y-0 resistance zone as expected. Y-3 downside target tagged and led to a strong bounce back up. Closed the week near Y-0 and week high. ...READ MORE3DP Odds Table (USDJPY) 2018-10-15USDCAD Apr 30 to May 04 OutlookNasdaq 100 Mar 27 to Mar 31 OutlookEURUSD Sep 08 to Sep 12 OutlookUSDCAD Feb 18 to Feb 22 OutlookPrecog Vision – Forex 2019-10-7Intraday Cycle Projection (USDJPY) 2015-07-06GBPUSD Dec 07 to Dec 11 OutlookEURUSD Jan 11 to Jan 15 Outlook3DP Odds Table (USDJPY) 2023-05-02
As Featured In
USDJPY Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Short squeeze triggered after ninja refused to go below Y-0 at all. Then normal upside expansion to Y+2 before it stopped. Closed the week near week high and below Y+2.
Outlook
I was anticipating a potential squeeze as mentioned last week but I did not join the party as all my focus was on the S&P NFP play. And darn it turned into a beautiful rally.
Another strong range expansion to the upside is in place. There is no sign of weaknesses yet so again not the time to position swing short. Notice ninja is overbought in terms of time, not in terms of price as we did not get range expansion beyond 100% absolute range. Thus coming week is more likely to consolidate with upside bias.
Share