Recap Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
It has been a year since I published the Quid Piker trading system for British Pound. I guess it is a good time to review the model and discuss about ...
For 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 schedule
For 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 schedule
For 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 schedule
For 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 schedule
Lawrence's Comment
Recap
FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
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AUDUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook
Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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