Trading Edges That Last
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ContentReviewEuro Not the Time to Touch ItS&P Delaying the Inevitable Means a Steeper Correction AheadGold Shaping Up for More UpsideBig Picture SummaryReviewEuro another try to break the channel resistance. Outcome ...READ MORELawrence's Comment Recap Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low. Outlook For short term ...READ MORELawrence's Comment Recap Gold trashed so our bullish scenario played out. Got Y+1 in 1 go. End of week final squeeze pushed price even higher after 100% absolute range was reached. Closed ...READ MORELawrence's Comment Recap Y-0 to Y+1 was not even challenged. Aussie dropped straight down to Y-3 , the 200% range expansion target. Bounced back up from there to close near Y-1. Outlook Down ...READ MOREMBO Issue 95 (Nov 2019) Time to Sell3DP Odds Table (AUDUSD) 2021-10-123DP Odds Table (AUDUSD) 2017-10-09USDCAD May 31 to Jun 04 OutlookGBPUSD Feb 29 to Mar 04 OutlookUSDCAD Sep 29 to Oct 03 OutlookAUDUSD Sep 19 to Sep 23 OutlookHot n Cold (AUDUSD) 2012-4-10Intraday Cycle Projection (AUDUSD) 2016-12-163DP Odds Table (AUDUSD) 2014-09-11
As Featured In
AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above Y+1 near week high.
Outlook
Overall weakening of USD across the board was the theme of last week. The run points to potential test of 0.75 round number above. Failing to hold above B+1 points to a steep fall back down to B-0 / Y+1.
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