Recap Took out 0.9 right from the beginning of the week. Then 1-2-3 buy gave us the breakout above Y+1 necessary for a run to Y+2. Aussie tagged Y+2 and consolidated around it since. Closed the week above Y+ 2 and near week high.
Outlook The war-on / war-off effect fully messing with the price actions in Aussie. Bears were caught on the wrong side multiple times.
Most of the bears are cleaned out. Chart pattern suggests a pullback to B-0 is likely. I need to see a mini double top or 1-2-3 sell on hourly before I will commit to the sell side.
Lawrence's Comment
Recap
Pullback from Y+1 to Y-0 as expected. A sudden turn from above Y-1 breaking Y+1 points to Y+3 in play. Once Y+3 was tagged, the rest of the ...
Lawrence's Comment
Recap
Euro pullback lower as expected and slow week due to Easter holiday. Closed the week below Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout ...
Lawrence's Comment
Recap
News shock at the beginning of the week sent ES above Y-0. FBO against Y-0 turned Y-0 into resisstance and a drop back down to Y-1. Test of Y-0 ...
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AUDUSD Sep 09 to Sep 13 Outlook
Lawrence’s Comment
Took out 0.9 right from the beginning of the week. Then 1-2-3 buy gave us the breakout above Y+1 necessary for a run to Y+2. Aussie tagged Y+2 and consolidated around it since. Closed the week above Y+ 2 and near week high.
Outlook
The war-on / war-off effect fully messing with the price actions in Aussie. Bears were caught on the wrong side multiple times.
Most of the bears are cleaned out. Chart pattern suggests a pullback to B-0 is likely. I need to see a mini double top or 1-2-3 sell on hourly before I will commit to the sell side.
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