Trading Edges That Last
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Lawrence's Comment Recap Early in the week tried to fill the gap above and failed. That points to the downside gaps in play. Later in the week 2 downside gaps ...READ MORERecap of past week 1-2-3 buy off the previous low (the yellow zone) made a good run but failed to take out the previous week high, resulting in a ...READ MOREUSDCAD Jan 29 to Feb 02 OutlookPrecog Vision – Forex 2016-6-10Nasdaq 100 Nov 25 to Nov 29 OutlookEURUSD Oct 19 to Oct 23 OutlookAUDUSD Apr 06 to Apr 10 OutlookIntraday Cycle Projection (AUDUSD) 2012-08-22S&P 500 Nov 21 to Nov 25 Outlook3DP Odds Table (AUDUSD) 2020-12-243DP Odds Table (AUDUSD) 2021-04-27USDJPY Week of Nov 1 – 5 Outlook
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AUDUSD Jun 10 to Jun 14 Outlook
Lawrence’s Comment
Aussie breakout upside tagged Y+2 yet failed to hold Y+1 giving us a FBO setup with Y-1 and Y-2 targets. Flushed down to Y-2 and bounced. Failed to clear Y-0 and sold off back down. Closed the week below Y-1 and midpoint.
Outlook
Aussie simply followed every move in gold as gold was trying to breakout upside from its current trading range. This will likely continue into this week. Once gold find a direction, so will Aussie.
If Aussie is trading on its own, the whiplash action points to more downside as it failed to hold its upside breakout and Y-0 acted as resistance. As long as Y-1 acting as resistance, Y-3 and B-2 is in play.
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