Recap Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook As long as B-0 acts as support, Y+1 will be retested sooner or later. The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
Lawrence's Comment
Recap
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
8 to 10 points swings several times in RTH and in AH as expected. Taking out Y+1 but not quite Y+2 means a retest of Y+0 in ...
Lawrence's Comment
Recap
Breached Y-1 early in the week setup ninja to go down to Y-2 and below. Got that taken care of and then ninja bounced back to new high for ...
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
AUDUSD Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above Y-0 by the end of the week.
Outlook
As long as B-0 acts as support, Y+1 will be retested sooner or later.
The Y+1 to B+2 zone will be strong resistance because of STOPD levels from multiple timeframes are concentrated there.
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