Trading Edges That Last
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Recap of last week Monthly structural price levels came into play. Failed in beginning of the week to hold above monthly initiation mid point + previous month high gave ...READ MORELawrence's Comment Recap Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range ...READ MORELawrence's Comment Recap 1-2-3 buy off Y-1 in the beginning of the week pushed cable back up to also Y+1. Yet it was not strong enough and sold off from 1-2-3 sell ...READ MOREAuto chart generator encountered some problem and failed to produce the ES chart for this week. Refer to the Dow chart as they look very similar for the past week. Lawrence's ...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 MORELawrence's Comment Recap NQ did flushed and snap back up in the beginning of the week without tagging Y-2 but failed to clear week high on Wednesday thanks to various big firms ...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 MOREGBPUSD Week of Nov 22nd to 26th OutlookIntraday Cycle Projection (AUDUSD) 2016-03-14EURUSD Dec 26 to Dec 30 Outlook3DP Odds Table (AUDUSD) 2015-12-18GBPUSD Mar 11 to Mar 15 OutlookS&P 500 Oct 17 to Oct 21 OutlookIntraday Cycle Projection (AUDUSD) 2014-02-25Precog Vision – Forex 2017-6-19Nasdaq 100 Jan 18 to Jan 22 OutlookPrecog Vision – Forex 2018-7-11
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AUDUSD Feb 27 to Mar 02 Outlook
Lawrence’s Comment
Looking for weaknesses last week and we got that right off the start. Interesting that Y-1 was defended and bounced back up to close near Y-0 and midpoint.
Outlook
2 weeks in a row closing around the same midpoint is a sign of indecision. The effect is magnified as it was also an outside week that closed back into the midpoint.
Not a good week to trade Aussie until we get a breakout of this zone.
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