Trading Edges That Last
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Lawrence's Comment Recap Gap above Y+1 and failed to hold above. That started the move to fill the gap below. Gap fill led to a strong bounce but NQ can no longer ...READ MOREPrecog Vision – Forex 2013-10-183DP Odds Table (USDJPY) 2011-10-313DP Odds Table (USDJPY) 2023-05-02Nasdaq 100 Dec 12 to Dec 16 Outlook3DP Odds Table (USDJPY) 2019-06-073DP Odds Table (USDJPY) 2022-03-24Intraday Cycle Projection (USDJPY) 2020-08-03Nasdaq 100 May 04 to May 08 OutlookWeekly Cycle Projection (USDJPY) 2019-10-073DP Odds Table (USDJPY) 2019-10-07
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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.
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