Trading Edges That Last
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Lawrence's Comment Recap FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 ...READ MORELawrence's Comment Recap Total breakdown since the start of the week. Tagged 2X previous week range and bounced on exhaustion. Closed the week at midpoint. Outlook Looking for short term bottom early ...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 MOREIntraday Cycle Projection (AUDUSD) 2014-01-31Hot n Cold (AUDUSD) 2013-11-8AUDUSD Nov 24 to Nov 28 OutlookEURUSD May 21 to May 25 OutlookIntraday Cycle Projection (AUDUSD) 2016-07-28Precog Vision – Forex 2020-5-223DP Odds Table (AUDUSD) 2022-03-11Precog Vision – Forex 2011-7-83DP Odds Table (AUDUSD) 2022-11-253DP Odds Table (AUDUSD) 2021-02-16
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AUDUSD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Y-0 support gave us the breakout I was looking for. Got Y+2 and paused there. And then the big news on gold helped Aussie clearing the resistance with a squeeze. Closed the week near Y+5 and above midpoint.
Outlook
Bullish bias mostly used up for now as short squeeze / stop run based move do not last. A wild consolidation is in the card now. 50% week range expected with two ways action around B+1.
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