Trading Edges That Last
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As Featured In
AUDUSD Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint.
Outlook
Strong reaction at Y+1 indicates strong resistance zone encountered.
As long as B-0 acts as support, a good chance that B+1 will be taken out with B+2 target.
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