Recap Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week. The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
Lawrence's Comment
Recap
The breakout upside trade we were looking for happened exactly as expected. Closed the week above Y+2 as well.
Outlook
A pullback to Y+1 is possible but not necessary. ...
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
ContentReviewEuro Not Able To Break Its Weekly Down Trend YetS&P Forming a Rare PatternGold Bulls Have a Tight Schedule to MeetBitcoin Buying Time Before Next Move10-Year Note Yield Downside Pressure ...
Lawrence's Comment
Recap
Higher prices as expected. No pullback, just consolidation before going higher. Closed the week at week high near Y+2.
Outlook
Tagging Y+2 / B+2 area will complete the rally ...
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 Feb 28 to Mar 04 Outlook
Lawrence’s Comment
Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook
The interesting scenario for aussie is that if the pair turned downward and stage a selloff from B+1 and Y+1 with a 1-2-3 sell setup, B-1 will be seen again next week.
The less likely scenario is that the pair break above B+1 and that it turns into support, we will then get a quick zoom to B+3 (not shown in the chart).
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