Recap Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
Lawrence's Comment
Recap
Held Y-1 as support, took off and tagged Y+1. That part was expected. The failure to go higher than Y+1 leading to a pullback was also expected. ...
Lawrence's Comment
Recap
Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week ...
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AUDUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Another one pullback to Y-0 as expected. The interesting thing though is that it took Aussie almost the full week to get down there. Closed the week above Y-0 and below midpoint.
Outlook
Retest of B+1 / Y+1 in play as long as B-1 is acting as support. Whole week last week is a bull flag so as long as the formation is intact cannot turn bearish on this.
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