Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1. Outlook Inside week. ...READ MORELawrence's Comment Recap Y+1 did not act as resistance at all. ES simply open above it and stayed above til Fed announcement. ES zoomed to Y+3 and stalled. Closed the week below ...READ MOREContentReviewEuro Searching for a BottomS&P Correction Over?Gold Complex Top in the MakingBitcoin Survived10-Year Note Yield Target ReachedBig Picture SummaryReviewEuro trying hard to hold the channel expansion target with extreme swings ...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 MORE3DP Odds Table (USDJPY) 2018-08-01USDCAD Mar 12 to Mar 16 OutlookS&P 500 Sep 23 to Sep 27 OutlookIntraday Cycle Projection (USDJPY) 2016-09-20MBO Issue 124 (April 2022) Risk of ExtremePrecog Vision – Forex 2018-1-30S&P 500 Dec 12 to Dec 16 OutlookHot n Cold (USDJPY) 2019-10-43DP Odds Table (USDJPY) 2016-12-09Hot n Cold (USDJPY) 2019-8-2
As Featured In
USDJPY Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked in and dropped this back down to Y+1. Closed near Y+1 and below midpoint.
Outlook
The first leg up is now over.Consolidation for a week or 2 is needed to absorb the fast up move. As long as it stays above Y-0 / B-1 area, looking for more upside over coming weeks.
Share