Trading Edges That Last
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Lawrence's Comment Recap Consolidation yes, but not within Y-0 upto Y+1. Dollar yen traded one level lower from Y-1 upto Y-0. That again was driven by news shocks from, who else, ...READ MOREUSDJPY May 01 to May 05 Outlook3DP Odds Table (USDJPY) 2014-03-05Weekly Cycle Projection (USDJPY) 2011-08-013DP Odds Table (USDJPY) 2022-07-143DP Odds Table (USDJPY) 2019-10-07USDJPY May 23 to May 27 OutlookPrecog Vision – Forex 2016-4-27Precog Vision – Forex 2019-2-6USDJPY Sep 19 to Sep 23 OutlookWeekly Cycle Projection (USDJPY) 2013-10-07
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USDJPY May 21 to May 25 Outlook
Lawrence’s Comment
Y-0 acted as support and we got the breakout to Y+2. But the rally did not last. Y+1 not even acting as support when news hit and flushed. News shock points to the other extreme which is Y-2. Ninja tagged there and closed the week at its low.
Outlook
We cannot predict news shock but we can react to that. The selloff can be the making of a w. spring, or, a real melt down, so no bottom picking for sure.
Very interested in how next week ninja will behave. Early week buy setup above B-1 will send the pair back up to B-0 quickly.
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