Recap Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook Interesting turning point in the making if the pair can jump up to B-0 and above right off the start of next week. The reason is that the spike low at B-1 resulted in a potential w. spring off Y-1. As long as Y-1 acts as support, Y+1 is in play.
As the reversal potential is there, will no longer look for continuation short again this week.
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
No test of Y-0 from above at all, just gap and blow thru the Y+1 resistance. Forced a breakout to 100% expansion target of Y+3. Closed the ...
Lawrence's Comment
Recap
As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint.
Outlook
No strong ...
AUDUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up to B-0 and above right off the start of next week. The reason is that the spike low at B-1 resulted in a potential w. spring off Y-1. As long as Y-1 acts as support, Y+1 is in play.
As the reversal potential is there, will no longer look for continuation short again this week.
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