Trading Edges That Last
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Lawrence's Comment Recap Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back ...READ MORELawrence's Comment Recap Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1. Outlook Inside week. ...READ MORELawrence's Comment Recap Slow pullback to the support zone as expected. Still my all time favorite! Outlook For normal market condition, you can expect B+1 to be retested this week. The tricky issue ...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 MOREGBPUSD Aug 29 to Sep 02 OutlookHot n Cold (AUDUSD) 2022-2-11Hot n Cold (AUDUSD) 2019-5-103DP Odds Table (AUDUSD) 2015-09-14USDCAD Mar 12 to Mar 16 OutlookHot n Cold (AUDUSD) 2013-4-12GBPUSD May 07 to May 11 OutlookDow 30 Apr 01 to Apr 05 OutlookPrecog Vision – Forex 2020-10-283DP Odds Table (AUDUSD) 2022-02-25
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AUDUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Note: Somehow the post for last week is missing from the database.
Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint.
Outlook
3rd week in a row closing near the same price level with midpoints all near each other is compression. It can also be near equilibrium. For the first case, we need a breakout to form a trend first before we can engage. For the second case, the volatility will die down further leading to more consolidation and tight range. Wait and see for this pair until the condition changes.
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