Trading Edges That Last
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After having too much fun at dinner parties and alcohol consumption, I am joining the crowded game of making predictions of the financial markets for the coming year 2016. Last ...READ MORELawrence's Comment Recap NQ dropped to Y-2 as expected. Very strong reaction there but not enough to stop the train. Retest of week low led to consolidation at the bottom with another ...READ MORE3DP Odds Table (USDJPY) 2015-10-02USDCAD Apr 17 to Apr 21 OutlookPrecog Vision – Forex 2016-5-9Precog Vision – Forex 2020-9-232016 Predictions on Stock Markets, Currencies and GoldIntraday Cycle Projection (USDJPY) 2020-10-143DP Odds Table (USDJPY) 2019-09-11Intraday Cycle Projection (USDJPY) 2021-02-23Weekly Cycle Projection (USDJPY) 2016-05-02Nasdaq 100 Feb 03 to Feb 07 Outlook
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USDJPY Oct 13 to Oct 17 Outlook
Lawrence’s Comment
A pullback was expected and ninja dropped to Y-0 and below support area. Then its inability to clear Y-0 triggered a go for Y-1. Y-1 tagged and failed to push higher since. Closed the week below Y-1 and near week low.
Outlook
Pullback turning into a run down to Y-1 was a nice bonus. From here ninja can choose to hold the zone between Y-2 to B-1 and resume its weekly match higher. What we need is proper bottom setup on 4 hours before jumping onto the long side.
Tagging Y-2 is likely as long as Y-1 is not cleared.
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