Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the ...READ MORELawrence's Comment Recap FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint. Outlook Non-stop intervention by ECB and other central banks, Euro has ...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 Unlike Dow or ES, NQ has a clean upside breakout setup with Y+1 acting as support early in the week. That points to a move to clear Y+2 and ...READ MOREWeekly Cycle Projection (AUDUSD) 2018-08-27Intraday Cycle Projection (AUDUSD) 2013-07-25Intraday Cycle Projection (AUDUSD) 2017-10-12Dow 30 Dec 14 to Dec 18 OutlookUSDCAD Mar 21 to Mar 25 OutlookNasdaq 100 Aug 11 to Aug 15 OutlookEURUSD Oct 03 to Oct 07 OutlookIntraday Cycle Projection (AUDUSD) 2013-10-25Precog Vision – Forex 2018-1-5Nasdaq 100 Oct 21 to Oct 25 Outlook
As Featured In
AUDUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
B-0 did not act as support earlier in the week. After breaking below Y-1, no more long interest showing up. A flush to below Y-2 by end of the week. Closed the week below Y-2 and at week low.
Outlook
The pullback / consolidation on Aussie has finally started. The next support level below is B-2. Selling down to that slowly implies another up leg potential on higher timeframe.
Flushing through B-2 will invalidate the longer term bullish scenario.
Share