Recap Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint.
Outlook Another pair with inside week formation. Bear flag on 4-hour and higher timeframes. Breaking bear flag support points to continuation sell below Y-1.
Lawrence's Comment
Recap
FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low.
Outlook
Daily up trend ended with ...
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Lawrence's Comment
Recap
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down ...
AUDUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint.
Outlook
Another pair with inside week formation. Bear flag on 4-hour and higher timeframes. Breaking bear flag support points to continuation sell below Y-1.
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