Recap Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint.
Outlook FBO against 0.75 long term resistance. Confirmation this week will point to swing top in place with more downside in coming weeks.
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
Got the breakout I was looking for. Breaking to the downside gave us the normal Y-2 target in 1 go. Retest of Y-1 was nasty as it ...
Lawrence's Comment
Recap
Breached Y-1 to the downside as expected. News shock after sent shorts scrambling to cover. 100% range expansion and stalled. Held Y-0 as support. Closed the week ...
AUDUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint.
Outlook
FBO against 0.75 long term resistance. Confirmation this week will point to swing top in place with more downside in coming weeks.
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