Trading Edges That Last
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As Featured In
AUDUSD Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint.
Outlook
Y+1 failing to hold means the bottom from last week was not strong enough. A retest of B-1 is likely.
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