Trading Edges That Last
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Lawrence's Comment Recap ES failed to clear 1650 and dropped down to the gap below as expected. Multiple 75% swings producing a triangle pattern on 30-min. Closed the week below Y-0 and ...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 MORE3DP Odds Table (AUDUSD) 2022-06-21Precog Vision – Forex 2020-7-20S&P 500 Jun 17 to Jun 21 OutlookIntraday Cycle Projection (AUDUSD) 2019-03-25Precog Vision – Forex 2018-5-28Hot n Cold (AUDUSD) 2011-8-18GBPUSD Dec 07 to Dec 11 OutlookEURUSD Feb 07 to Feb 11 Outlook3DP Odds Table (AUDUSD) 2013-08-09Precog Vision – Forex 2021-10-19
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AUDUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
As mentioned last week, downtrend has established. Resistance zone worked out as expected, sending Aussie down to Y-5.
Outlook
Downtrend intact.
The range expansion from last week created an oversold condition that is likely to attract Aussie to bounce back to B-0 area. That will come in play if a flush early this week resulted in a quick bounce proving B-1 is an important support zone.
Otherwise, consolidation to lower prices with Y-3 to B-0 as the resistance area.
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