Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint. Outlook B-1 retest ...READ MORELawrence's Comment Recap Held Y-1 in the beginning of the week and drifted higher to Y-0. Found resistance and trashed down to my downside target Y-2. Went sideway since. Closed the week ...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 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 MOREHot n Cold (AUDUSD) 2015-12-18GBPUSD Sep 04 to Sep 08 OutlookUSDCAD Apr 25 to Apr 29 OutlookAUDUSD Apr 28 to May 02 OutlookPrecog Vision – Forex 2018-3-23USDCAD Dec 19 to Dec 23 OutlookIntraday Cycle Projection (AUDUSD) 2012-01-05AUDUSD Jul 31 to Aug 04 OutlookPrecog Vision – Forex 2021-9-2Intraday Cycle Projection (AUDUSD) 2022-04-22
As Featured In
AUDUSD Feb 09 to Feb 13 Outlook
Lawrence’s Comment
Aussie spiked below Y-1 and snapped back up above without tagging Y-2 first. Y-1 turned into support sending Aussie back up to Y-0. Closed the week below Y-0 and midpoint.
Outlook
Aussie tried to form a bottom but so far it has not shown us the strength necessary for further upside. Y-0 / B+1 resistance has to be cleared first before it is confirmed that a longer term bottom is in place.
It is more likely a retest of Y-1 is necessary to decide the winning side.
Share