Trading Edges That Last
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Lawrence's Comment Recap Exactly as expected - failed to clear Y-0 and flushed to Y-2. Closed the week below Y-1. Outlook Still trapped inside the down channel. Second half of the week ...READ MORELawrence's Comment Recap Very similar to Dow, made a waterfall pattern and collapsed down to Y-1. Closed the week below midpoint BUT almost made it to close above Y-1. Outlook The attempt to ...READ MORELawrence's Comment Recap Y-0 support sent NQ up above Y+1 but it fails to hold above that which led to sell off back down to Y-0 and below. Y-0 was cleared quickly ...READ MORELawrence's Comment Recap How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...READ MOREAUDUSD May 28 to Jun 01 Outlook3DP Odds Table (AUDUSD) 2017-06-22EURUSD Mar 30 to Apr 03 OutlookS&P 500 Aug 01 to Aug 05 OutlookNasdaq 100 Aug 10 to Aug 14 OutlookDow 30 Oct 11 to Oct 15 OutlookNasdaq 100 Aug 05 to Aug 09 Outlook3DP Odds Table (AUDUSD) 2018-02-27AUDUSD Jul 22 to Jul 26 Outlook3DP Odds Table (AUDUSD) 2022-07-19
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AUDUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
B-0 area acted as resistance most part of the week until Aussie eventually break above that and closed the week around Y+1.
Outlook
If B+1 acts as resistance sending the pair lower to below B-1, an important top is in place.
The difficulty here is that the markets are in general slower and more illiquid during this last week of August. So consolidation within B-0 upto B+2 is more likely.
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