Trading Edges That Last
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Lawrence's Comment Recap Just like ninja, support zone failed to produce a low. Door to Y-1 opened. Y-1 target zone reached and the drop stalled. Closed the week below Y-0 and near ...READ MOREThere are some more interesting differences between Forex trading and stock/index future trading. I will continue my discussion in this second instalment. 24 Hours Trading Forex trading starts every week from Sunday ...READ MORELawrence's Comment Recap First half of the week dropped below Y-1 as expected. Then, reversed its course pretty much in sync with Aussie and Euro. Breaking above Y+1 in one sharp ...READ MORE3DP Odds Table (AUDUSD) 2022-01-19Precog Vision – Forex 2016-7-26Precog Vision – Forex 2021-1-28Intraday Cycle Projection (AUDUSD) 2020-10-213DP Odds Table (AUDUSD) 2019-05-29USDCAD Jun 16 to Jun 20 OutlookIntraday Cycle Projection (AUDUSD) 2022-04-22Forex Trading – Perspective from an Index FutureGBPUSD May 30 to Jun 03 Outlook3DP Odds Table (AUDUSD) 2017-05-26
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AUDUSD May 09 to May 13 Outlook
Lawrence’s Comment
The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.
Outlook
The reaction at B-0 points to a retest of B-1. Congestion within B-0 to B-1 is expected until either one is taken out.
The likely breakout direction is down and Y-3 to B-2 is in play in later part of the week.
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