Trading Edges That Last
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A common topic among many questions I received. Here is the answer in one big infographic. Embed This Infographic In Your Site (copy code below): Why Trading Emini S&P Is As Good ...READ MORELawrence's Comment Recap As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint. Outlook We need to see the pair form a higher low ...READ MORELawrence's Comment Recap Quiet start led to an explosive stop hunt late in the week. 200 pips swing to almost Y+2 / 1.39 before it stopped. Closed the week above Y-0 and ...READ MORE3DP Odds Table (AUDUSD) 2011-12-12Why Trading Emini S&P Is As Good AsGBPUSD Mar 21 to Mar 25 OutlookEURUSD May 14 to May 18 OutlookUSDJPY Nov 21 to Nov 25 OutlookEURUSD Dec 30 to Jan 03 OutlookWeekly Cycle Projection (AUDUSD) 2011-08-013DP Odds Table (AUDUSD) 2011-09-283DP Odds Table (AUDUSD) 2017-01-253DP Odds Table (AUDUSD) 2022-10-06
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AUDUSD Apr 28 to May 02 Outlook
Lawrence’s Comment
Held Y-1 in the beginning of the week and drifted higher to Y-0. Found resistance and trashed down to my downside target Y-2. Went sideway since. Closed the week near Y-2 and below midpoint.
Outlook
As mentioned last week the downside move was not completed and it is likely to be taken care of soon. Now that the pullback is done, we have to re-evaluate the situation.
It is very interesting that gold failed to carry Aussie higher. Aussie has a choice at this price level. If it can hold B-1, a rally back up to B+1 is likely.
The down trend may have fuel for one more push lower but Y-3 is very strong support. It will take very bad news from Ukraine to clear the zone.
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