Trading Edges That Last
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Lawrence's Comment Recap The rare scenario unfolded with a w. spring at Y-1. That rejection of the previous week low points to a retest of its high. The test arrived at ...READ MORELawrence's Comment Recap The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2. Outlook If Y-3 is tagged early ...READ MORELawrence's Comment Recap Consolidation around Y-0 until Mrs. Yellen's comment time. Previous week close defended and led to an all out squeeze higher. 100% absolute range expansion to the upside tagged. Closed ...READ MOREEURUSD Apr 04 to Apr 08 Outlook3DP Odds Table (AUDUSD) 2020-06-08S&P 500 Jan 24 to Jan 28 OutlookDow 30 Nov 16 to Nov 20 Outlook3DP Odds Table (AUDUSD) 2018-10-09Hot n Cold (AUDUSD) 2011-8-17EURUSD Apr 09 to Apr 13 Outlook3DP Odds Table (AUDUSD) 2016-03-08USDJPY Aug 29 to Sep 02 OutlookUSDCAD Feb 25 to Mar 01 Outlook
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AUDUSD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook
The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week.
The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
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