Lawrence's Comment
Recap
News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week ...
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Lawrence's Comment
Recap
Got the retest of Y+1 early in the week. Y+1 breached easily points to more upside. Previous week close acted as support on pullback and voila we got Y+2. ...
Lawrence's Comment
Recap
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at ...
AUDUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Another tight range week going nowhere. Near end of week the drop to Y-0 was bought up immediately. Closed the week near Y+1 and above midpoint.
Outlook
Clearing B+1 points to a quick pop to B+2 but that can be either an important top or straight up to B+3.
So early in the week if B-0 acts as support, the first play is to the upside for a wait and see at B+1.
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