Trading Edges That Last
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Lawrence's Comment Recap Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low. Outlook Momentum to ...READ MORELawrence's Comment Recap Tried twice to break Y-1 and failed. Once Y-0 was cleared, a reversal is in place for a run back upto at least Y+1. Y+1 and Y+2 was taken ...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 MOREIntraday Cycle Projection (AUDUSD) 2015-05-07Precog Vision – Forex 2022-12-16Hot n Cold (AUDUSD) 2018-5-4S&P 500 Jun 21 to Jun 25 OutlookGBPUSD Apr 13 to Apr 17 Outlook3DP Odds Table (AUDUSD) 2022-12-19USDJPY Apr 06 to Apr 10 OutlookGBPUSD Apr 29 to May 03 OutlookPrecog Vision – Forex 2023-5-2Intraday Cycle Projection (AUDUSD) 2016-05-06
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AUDUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Aussie did not produce a buy setup early in the week. It just drifted higher to retest Y-0. The bear flag setup was good for a retest of Y-1 and we got that plus a lot more. Downside target reached by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Aussie should extend further to the downside early in the week with clear resistance above at Y-1 / B-0.
It is the time of the year where many markets will start to go directional for a week or two and Aussie is one of them. If Aussie picks up speed to the downside, counter-trend trade will be bad idea.
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