Lawrence's Comment
Recap
Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and ...
Lawrence's Comment
Recap
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back ...
Lawrence's Comment
Recap
As mentioned last week, double whiplash with breakout to the downside. Tagged downside target of Y-3. Closed the week near week low and above Y-3.
Outlook
Just got ...
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AUDUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0.
Outlook
The short term swing low is in the making. Two approaches possible to deal with the setup.
First, the confirmed entry is breakout above B+1 looking for a run to B+3.
Second, if a flush to below B-1 happens, jump on board the reversal that sends Aussie back above Y-1 on daily close basis.
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