Recap Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
Lawrence's Comment
Recap
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of ...
Lawrence's Comment
Recap
Dropped to Y-1 as expected. Bounced back immediately. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook
4 Hour down channel established. Until break out ...
Lawrence's Comment
Recap
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to ...
AUDUSD Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
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