Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint. ...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 Gap zone tested and failed to fill the gap. Price breakdown to Y-2. Bounced back to Y-1. Then 100% absolute range expansion to the downside stopped the drop. ...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 MORELawrence's Comment Recap Consolidated around Y+1 until late in the week where it zoomed to new high for the week. Closed the week above Y+1 and midpoint. Outlook If it is going to breakout ...READ MOREWeekly Cycle Projection (AUDUSD) 2013-01-21USDCAD Jul 11 to Jul 15 Outlook3DP Odds Table (AUDUSD) 2012-02-22Precog Vision – Forex 2018-12-133DP Odds Table (AUDUSD) 2021-12-103DP Odds Table (AUDUSD) 2021-02-02Nasdaq 100 Mar 21 to Mar 25 OutlookPrecog Vision – Forex 2013-11-1Precog Vision – Forex 2018-9-26USDCAD Jul 08 to Jul 12 Outlook
As Featured In
AUDUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Got the breakout we asked for. Aussie dropped below Y-1 and tagged Y-3 quickly. But there was no test of Y-1 as resistance at all. The pair simply zoom back up to Y+1. That often means a higher timeframe is in play. In this case, it is monthly and yearly price levels kicking in. Ended the week below midpoint after failure to take out Y+1 again.
Outlook
B-1 is likely to be retested. As oppose to establishing a trend from the break of Y-1, we now get a larger range from B-1 to B+1 to deal with. I will avoid the pair as bias cannot be establish right now.
Share