Trading Edges That Last
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Lawrence's Comment Recap As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...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 MORELawrence's Comment Recap Got the breakout to the upside early in the week and the spike low in the middle of the week never breached Y-0. The nice surprise is ...READ MOREGBPUSD Feb 13 to Feb 17 OutlookPrecog Vision – Forex 2017-4-13Hot n Cold (AUDUSD) 2011-7-14Nasdaq 100 Jun 06 to Jun 10 OutlookNasdaq 100 Oct 28 to Nov 01 OutlookPrecog Vision – Forex 2022-6-14AUDUSD Apr 09 to Apr 13 Outlook3DP Odds Table (AUDUSD) 2015-04-24GBPUSD Nov 26 to Nov 30 OutlookAUDUSD Oct 17 to Oct 21 Outlook
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Lawrence’s Comment
Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. Selling resumed since. Closed the week below Y-0 and midpoint.
Outlook
The initial rally last week played out as expected but it was not as explosive as I hope for. The weaknesses going into end of week has turned Y-0 / B-0 into strong resistance zone for a retest of the Y-1 low.
Only until Y-0 / B-0 zone turning into support that a swing long will stand a better chance.
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