Recap As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
Lawrence's Comment
Recap
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as ...
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
Lawrence's Comment
Recap
Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 ...
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
No market moves in a straight line. Most of the time strong directional moves will result in pullbacks. Euro Dollar Apex (Type 2) Trading Model is a counter-trend strategy taking ...
Recap of Last Week Prior week was a tight range week going nowhere that points to potential breakout with target expansion equals to the week’s range. That is what ...
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 Aug 08 to Aug 12 Outlook
Lawrence’s Comment
As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half of the week.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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