Lawrence's Comment
Recap
2nd consolidation week. Tighter range too. Closed the week above Y-0 and below midpoint.
Outlook
Directionless. Breakout mode in place. This time I have no directional bias.
Very dangerous setup - once ...
For 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 schedule
For 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 schedule
For 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 schedule
AUDUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint.
Outlook
Congestion between B-0 to Y+1, or, breakout to B+2 in play.
A less likely scenario is that Aussie breaking B-0 quickly, then looking for a drop to at least B-1 with B-2 in play.
Share