Recap Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
ContentReviewEuro Decision TimeS&P New Year New ChallengesGold Main Upside Objective FulfilledBig Picture SummaryReviewEuro year 2018 low resistance retest right at the end of last year and still failed to clear ...
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
Lawrence's Comment
Recap
Consolidation above Y+1 for several days opened the door to Y+2. Then Dow found an excuse and zoomed up there in 1 go. Tagging Y+2 led to a strong ...
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 31 to Sep 04 Outlook
Lawrence’s Comment
Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook
This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
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