Trading Edges That Last
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Lawrence's Comment Recap Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint. Outlook Potential breakout failure ...READ MORELawrence's Comment Recap Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and ...READ MOREPrecog Vision – Forex 2012-2-6Hot n Cold (AUDUSD) 2012-11-1Precog Vision – Forex 2022-12-29GBPUSD Aug 20 to Aug 24 OutlookWeekly Cycle Projection (AUDUSD) 2019-09-163DP Odds Table (AUDUSD) 2019-05-22GBPUSD Jul 21 to Jul 25 OutlookIntraday Cycle Projection (AUDUSD) 2019-05-09Intraday Cycle Projection (AUDUSD) 2018-07-02EURUSD May 11 to May 15 Outlook
As Featured In
AUDUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint.
Outlook
As I pointed out 2 weeks ago, Aussie could be telling us that gold is about to bottom out on short term basis. Gold made a strong reversal this week proves this correlation is still useful. Aussie has developed into an up channel now. Break of the channel support will take it back down to B-1. Holiday mode trading means consolidation actions likely.
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