Trading Edges That Last
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Lawrence's Comment Recap Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low. Outlook Y-0 is still in ...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 MOREPrecog Vision – Forex 2023-5-2AUDUSD Mar 01 to Mar 05 OutlookEURUSD Aug 22 to Aug 26 OutlookPrecog Vision – Forex 2012-5-23GBPUSD Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2019-10-73DP Odds Table (AUDUSD) 2015-10-22Hot n Cold (AUDUSD) 2021-10-22Intraday Cycle Projection (AUDUSD) 2013-09-02S&P 500 Jun 11 to Jun 15 Outlook
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AUDUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Note: Somehow the post for last week is missing from the database.
Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint.
Outlook
3rd week in a row closing near the same price level with midpoints all near each other is compression. It can also be near equilibrium. For the first case, we need a breakout to form a trend first before we can engage. For the second case, the volatility will die down further leading to more consolidation and tight range. Wait and see for this pair until the condition changes.
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