Recap Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
Lawrence's Comment
Recap
Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint.
Outlook
Last week was a variation of consolidation ...
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 Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Tight range breakout to the downside. 200% range expansion target Y-5 tagged and bounced. Wild swing since although trapped within the range. Closed the week below Y-3 and near midpoint.
Outlook
This breakout has not reached its targets yet. Y-2 / B-0 zone strong resistance for new low next week.
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