Trading Edges That Last
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Lawrence's Comment Recap Zoomed higher to Y+2 and consolided since. Later in the week, drifted higher and eventually breakout to the upside. Closed the week at week high and above Y+3. Outlook Out of ...READ MORELawrence's Comment Recap As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the ...READ MOREIntraday Cycle Projection (AUDUSD) 2018-03-13Nasdaq 100 Oct 10 to Oct 14 OutlookPrecog Vision – Forex 2018-9-28Hot n Cold (AUDUSD) 2011-11-23Precog Vision – Forex 2016-8-5Intraday Cycle Projection (AUDUSD) 2021-10-19Intraday Cycle Projection (AUDUSD) 2012-06-20Nasdaq 100 Jan 09 to Jan 13 OutlookNasdaq 100 May 20 to May 24 OutlookEURUSD Aug 15 to Aug 19 Outlook
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AUDUSD Sep 16 to Sep 20 Outlook
Lawrence’s Comment
Sell setup never materialize. Just drift up to Y+2 which led to a sharp drop back down to Y+1 support. Closed the week below midpoint and near Y+1.
Outlook
2nd leg of a melt up measured move is now completed. Aussie is not really in sync with gold this time as if someone is anticipating gold will go higher and buying Aussie first.
At this point, Y-0 / B-2 is strong support zone thus any selling will have a difficult time to break that. Long side is tired and need some time to absorb the up swing first. Looking for consolidation around B-0 this week.
Chart pattern points to tagging both B-1 and B+1 this week so be warned.
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