Lawrence's Comment
Recap
Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...
Lawrence's Comment
Recap
As expected stuck within the tight week established over the past several weeks. Closed the week near midpoint.
Outlook
If B-0 acts as support and push for a breakout ...
Lawrence's Comment
Recap
Another week of consolidation as expected. Bear flag in beginning of the week drove the price down to Y-1 for a retest. W. spring formed and sent it back ...
Lawrence's Comment
Recap
Instead of selling right off the start of the week, the 3 stock market indices chose to form a bigger top and sold off hard the rest of ...
AUDUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint.
Outlook
Congestion between B-0 to Y+1, or, breakout to B+2 in play.
A less likely scenario is that Aussie breaking B-0 quickly, then looking for a drop to at least B-1 with B-2 in play.
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