Trading Edges That Last
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Lawrence's Comment Recap Y-1 support zone spike test gave us a run back to Y-0. Instead of a clean test, we got a stair step / bear flag like action testing Y-0 ...READ MOREA simple forex trading signal that exploits the mean reversion behaviour of Euro and its Monday weaknesses. Do not underestimate a simple system like this. It is a very ...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 2014-2-27USDJPY Mar 13 to Mar 17 OutlookPrecog Vision – Forex 2013-1-17EURUSD Jun 23 to Jun 27 OutlookHot n Cold (AUDUSD) 2011-11-11Forex Weekly Bias: Bearish Mean ReversionIntraday Cycle Projection (AUDUSD) 2015-05-13Intraday Cycle Projection (AUDUSD) 2018-08-28Precog Vision – Forex 2013-9-2Intraday Cycle Projection (AUDUSD) 2021-07-09
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AUDUSD May 12 to May 16 Outlook
Lawrence’s Comment
Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint.
Outlook
Reversal came right on time, giving us a nice measured run back up to the resistance zone. Will take some time to absorb this first move to stage the next leg up.
As long as Y+1 area acting as support, Aussie can go higher.
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