Trading Edges That Last
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Lawrence's Comment Recap Y-1 tagged early in the week as expected. The sharp reversal scenario happened to Cable instead of Euro. Nonetheless, Euro closed at the high of the week tagging ...READ MOREMany traders who took the plunge into trading forex do not know about many basic biases that are very useful but not very obvious. Not buying euro on Monday is ...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 MORELawrence's Comment Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the ...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 MOREEURUSD May 30 to Jun 03 OutlookHot n Cold (AUDUSD) 2019-1-11Why You Shouldn’t Long Euro On MondayHot n Cold (AUDUSD) 2017-6-23Precog Vision – Forex 2023-5-2Intraday Cycle Projection (AUDUSD) 2012-02-15USDJPY Jul 11 to Jul 15 OutlookNasdaq 100 Feb 10 to Feb 14 OutlookPrecog Vision – Forex 2022-8-9S&P 500 Dec 03 to Dec 07 Outlook
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AUDUSD Aug 25 to Aug 29 Outlook
Lawrence’s Comment
The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint.
Outlook
Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, Aussie is simply buying time and waiting for gold to give it a direction.
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