Trading Edges That Last
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Lawrence's Comment Recap As expected, multiple attempts to push higher happened last week yet no breakout was resulted. Closed the week above Y-0 and below midpoint. Outlook Tight range week with close ...READ MORERecap of last week Test of yellow zone leaded to further downside movement, but did not make it to the target area. Effective stuck in the range established in ...READ MORELawrence's Comment Recap Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low. Outlook ECB's actions are intentional ...READ MOREIntraday Cycle Projection (AUDUSD) 2021-12-14Intraday Cycle Projection (AUDUSD) 2022-07-07Intraday Cycle Projection (AUDUSD) 2016-05-11EURUSD Oct 17 to Oct 21 OutlookUSDCAD Jun 08 to Jun 12 OutlookGBPUSD Week of Dec 6th to Dec 10thWeekly Cycle Projection (AUDUSD) 2017-07-03EURUSD Oct 26 to Oct 30 OutlookIntraday Cycle Projection (AUDUSD) 2022-05-25Dow 30 Jan 04 to Jan 08 Outlook
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AUDUSD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Breakout happened although it is not towards the downside. Same drill with Y+3 normal breakout target tagged and consolidated around that since. Closed the week below Y+3 and above midpoint.
Outlook
Gold spiked higher and Aussie confirmed that. It is producing a very interesting setup.
If gold finds resistance right above and selloff again, Aussie will be forced to drop back down to at least B-1.
If gold can hold the top range from last week while Aussie pullback to B-0, upside breakout of B+1 will give us at least B+3.
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