Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Mentioned last week ES would be influenced by NQ and it happened. ES was weak and failed to hold Y-0 yet strength in NQ carried ES higher and forced ...READ MORELawrence's Comment Recap Another pair that started out with a quiet week led to an explosive upside stop run. Closed the week near Y+1 and above midpoint. Outlook 2nd time spike higher trying to ...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 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 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 2021-12-10S&P 500 Aug 05 to Aug 09 OutlookUSDCAD Dec 04 to Dec 08 OutlookGBPUSD Dec 30 to Jan 03 OutlookPrecog Vision – Forex 2022-7-13USDCAD Feb 14 to Feb 18 OutlookS&P 500 Nov 25 to Nov 29 OutlookAUDUSD Oct 15 to Oct 19 OutlookPrecog Vision – Forex 2018-4-3Precog Vision – Forex 2017-1-16
As Featured In
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.
Share