Trading Edges That Last
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ContentReviewEuro Not the Time to Touch ItS&P Delaying the Inevitable Means a Steeper Correction AheadGold Shaping Up for More UpsideBig Picture SummaryReviewEuro another try to break the channel resistance. Outcome ...READ MORELawrence's Comment Recap Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1. Outlook 2 weeks in a row with midpoint around same price level ...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 MOREMBO Issue 95 (Nov 2019) Time to SellIntraday Cycle Projection (AUDUSD) 2012-08-143DP Odds Table (AUDUSD) 2021-04-16USDCAD Dec 02 to Dec 06 OutlookGBPUSD Apr 07 to Apr 11 OutlookHot n Cold (AUDUSD) 2013-6-143DP Odds Table (AUDUSD) 2022-06-13Precog Vision – Forex 2015-5-8Intraday Cycle Projection (AUDUSD) 2023-02-03Intraday Cycle Projection (AUDUSD) 2016-05-04
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AUDUSD Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Failed to break above the resistance zone I mentioned last week, selloff continue. Closed the week near the low of the week.
Outlook
The down channel is intact but potential double bottom is in place. If rally above B-0, B+1 is in play.
It is more likely for the pair to stay below B-0. A test of B-0 from below that fails to take out B-0, will result in further sell off down to B-2.
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