Recap Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
Lawrence's Comment
Recap
Up trend expectation worked out from support. Y+2 normal target tagged. Closed the week above Y+1 and near week high.
Outlook
Brexit can cause all the majors to go ...
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Lawrence's Comment
Recap
Y-0 support gave us up drift to B+2. Reaction to FOMC meeting swinged NQ back down to Y-0. Closed the week near Y-0 and below midpoint.
Outlook
B-0 / ...
AUDUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime scene near Y-0. Closed the week near Y-0 and week low.
Outlook
Wide range reversal points to more downside likely. Y+1 / B-0 strong resistance until proven otherwise.
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