Trading Edges That Last
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Lawrence's Comment Recap Went higher as expected. The midweek wild swings in NQ was caused by the stock of Apple alone. The rest of the components (99 of them) contributed ...READ MORELawrence's Comment Recap Y-0 support sent NQ up to Y+2 and above. 4700 round number resistance sent NQ back down. Closed the week below Y+1 and midpoint. Outlook Upchannel / Bear flag ...READ MORELawrence's Comment Recap Was looking for an upside breakout in the beginning of the week and got it. That turns B+1 into support with Y+2 and Y+3 as targets. Got both ...READ MORELawrence's Comment Recap Text book STOPD move on this pair again. Broken Y-1 first, meaning more downside is to be expected, then rallied back to the sell zone mentioned last ...READ MOREPrecog Vision – Forex 2020-4-22Nasdaq 100 Feb 20 to Feb 24 OutlookIntraday Cycle Projection (USDJPY) 2014-06-05Weekly Cycle Projection (USDJPY) 2015-05-18Nasdaq 100 Jan 04 to Jan 08 OutlookEURUSD Jun 06 to Jun 10 OutlookEURUSD Feb 14 to Feb 18 Outlook3DP Odds Table (USDJPY) 2014-08-07USDCAD Nov 18 to Nov 22 OutlookIntraday Cycle Projection (USDJPY) 2011-05-03
As Featured In
USDJPY May 09 to May 13 Outlook
Lawrence’s Comment
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means higher timeframes in control. In this case, we have the multiple year low made not too long ago in sight. Should a buy setup formed here and materialized, we probably have a multiple year low established and this pair should move higher.
The big question is that can the multiple year spike low act as support at all. This week will be critical.
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