Trading Edges That Last
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Lawrence's Comment Recap Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO ...READ MOREPrecog Vision – Forex 2014-12-23Intraday Cycle Projection (AUDUSD) 2019-08-13AUDUSD Aug 10 to Aug 14 OutlookGBPUSD Jul 02 to Jul 06 OutlookPrecog Vision – Forex 2014-4-223DP Odds Table (AUDUSD) 2014-03-24Hot n Cold (AUDUSD) 2017-10-27GBPUSD Nov 18 to Nov 22 Outlook3DP Odds Table (AUDUSD) 2023-03-02Intraday Cycle Projection (AUDUSD) 2022-04-26
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AUDUSD Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Pullback to our support zone then rally to the resistance area as mentioned last week. By end of the week, broken thru the resistance and completed 100% absolute range expansion. Closed at the high of the week.
Outlook
Another pullback congestion in the making. The upchannel has be in force for too long that it is likely to snap out of it soon.
Like last week, B+1 to Y+2 will put a cap on the rally early in the week and B-0 should act as support.
If B-0 is taken out quickly early in the week, then a pullback to B-1 is likely.
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