Trading Edges That Last
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Lawrence's Comment Recap Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal ...READ MORELawrence's Comment Recap Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. ...READ MORENasdaq 100 Jul 11 to Jul 15 OutlookDow 30 Apr 04 to Apr 08 Outlook3DP Odds Table (AUDUSD) 2022-01-183DP Odds Table (AUDUSD) 2017-01-24USDJPY Apr 08 to Apr 12 OutlookWeekly Cycle Projection (AUDUSD) 2014-08-18Nasdaq 100 Mar 16 to Mar 20 OutlookIntraday Cycle Projection (AUDUSD) 2020-10-20Intraday Cycle Projection (AUDUSD) 2019-08-05Intraday Cycle Projection (AUDUSD) 2011-06-22
As Featured In
AUDUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support and that it is not that easy to break below the level. Second try to test the level resulted in a bounce to close the week at B-0.
Outlook
As long as the pair holding up above B-1, B+2 is in play. The uptrend is now established.
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