Trading Edges That Last
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Lawrence's Comment Recap Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable ...READ MORELawrence's Comment Recap Euro blasted through 1.14 level and triggered a squeeze. 1.17 monthly resistance was tagged and rejected. Euro then fall straight back down to Y+1. Y+2 resistance gave us a ...READ MOREIntraday Cycle Projection (AUDUSD) 2015-03-17Hot n Cold (AUDUSD) 2012-4-253DP Odds Table (AUDUSD) 2015-04-28Precog Vision – Forex 2012-2-27Intraday Cycle Projection (AUDUSD) 2015-10-133DP Odds Table (AUDUSD) 2014-09-09Intraday Cycle Projection (AUDUSD) 2016-11-30AUDUSD Mar 29 to Apr 02 OutlookGBPUSD Aug 25 to Aug 29 OutlookEURUSD Aug 31 to Sep 04 Outlook
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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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