Recap Indecision carried over to this week – attempt to breakout of the range to the upside failed badly and dropped back to Y-0 before a bounce to Y+1. Failed to take out Y+1 again and closed the week at midpoint.
Outlook Congestion as expected giving us 3rd week in a row to close at midpoint. That means we should switch to breakout mode on Aussie if you like riding a swing as oppose to daytrading this pair.
A clean break out of this 4 week range (i.e. 50% expansion in one way) will define the trend for the coming weeks.
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
Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged ...
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
The breakdown play worked out. Cable cleared 1.53 quickly and dropped down to Y-2 for a pause. That did not last long and cable just break down at the ...
Lawrence's Comment
Recap
Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation week near ...
AUDUSD Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Indecision carried over to this week – attempt to breakout of the range to the upside failed badly and dropped back to Y-0 before a bounce to Y+1. Failed to take out Y+1 again and closed the week at midpoint.
Outlook
Congestion as expected giving us 3rd week in a row to close at midpoint. That means we should switch to breakout mode on Aussie if you like riding a swing as oppose to daytrading this pair.
A clean break out of this 4 week range (i.e. 50% expansion in one way) will define the trend for the coming weeks.
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