Trading Edges That Last
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Lawrence's Comment Recap Another easy play last week. Y-0 acted as resistance giving us the Y-2 target as expected. Buying showed up, surprised the sell side and squeezed higher. Closed the week ...READ MOREFor 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 scheduleREAD MORELawrence's Comment Recap Dow coiled up on Monday led to attempt to clear Y+1 but failed. Y-0 not strong enough as support, gave way to more selling down below Y-1. Friday event ...READ MORELawrence's Comment Recap Similar to Dow, ES ripped thru resistance zone and went straight up for days. Classic blowoff top type action. Almost tagged Y+2 and stalled. Closed the week near week ...READ MORE3DP Odds Table (AUDUSD) 2021-07-23GBPUSD Oct 25 to Oct 29 OutlookUSDCAD Mar 10 to Mar 14 OutlookUSDJPY Jan 07 to Jan 11 OutlookIntraday Cycle Projection (AUDUSD) 2019-05-10Precog Vision – Forex 2015-2-10USDJPY Aug 31 to Sep 04 OutlookDow 30 Aug 29 to Sep 02 OutlookIntraday Cycle Projection (AUDUSD) 2013-02-27S&P 500 May 13 to May 17 Outlook
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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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