Trading Edges That Last
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Chart with key levels. Purple horizontal lines mark the 2012 range. Light purple horizontal line marks the 50% expansion. Blue lines down channel. Red lines ...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 MOREPrecog Vision – Forex 2017-9-26Precog Vision – Forex 2021-4-30Intraday Cycle Projection (AUDUSD) 2023-04-24Intraday Cycle Projection (AUDUSD) 2015-08-24S&P 500 Nov 30 to Dec 04 OutlookIntraday Cycle Projection (AUDUSD) 2019-03-123DP Odds Table (AUDUSD) 2016-10-18Euro At 2012 Year High ZoneGBPUSD Feb 27 to Mar 03 OutlookPrecog Vision – Forex 2015-5-27
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AUDUSD Jun 04 to Jun 08 Outlook
Lawrence’s Comment
Gap up early in the week failed to push above Y+1. Formed a double top and sold off from there. Flushed to Y-2 as expected. Bounced quickly back to Y-1. Closed the week at Y-1.
Outlook
Got the flush to Y-2 and the snap back up to Y-1. But it happened late in the week making it not possible to develop the bounce further.
Early next week as long as Y-1 acts as support, a run to B+1 is likely.
Potential long term bottom in the making. Need coming week to confirm.
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