Trading Edges That Last
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Lawrence's Comment Recap The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We ...READ MOREContent Review Euro at Critical Make It or Break It Juncture S&P Year 2016 Deja Vu Gold ...READ MOREFor 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 scheduleREAD MOREPrecog Vision – Forex 2015-12-24Precog Vision – Forex 2022-1-13Hot n Cold (AUDUSD) 2011-8-16Hot n Cold (AUDUSD) 2012-3-28Hot n Cold (AUDUSD) 2022-7-8GBPUSD Mar 19 to Mar 23 Outlook3DP Odds Table (AUDUSD) 2014-01-28USDCAD Sep 09 to Sep 13 OutlookMBO Issue 61 (Jan 2017) Here Comes VolatilityPrecog Vision – Forex 2021-3-24
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AUDUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Did not stop at the Y-0 resistance. Instead, formed a double top to break back down before Y-0. That ensured Y-1 to be retested. At 100% absolute range expansion, the low is formed. Closed the week near Y-0.
Outlook
1.07 and 1.05 are both rejected. No clear direction for aussie until after either side is taken out.
Consolidation between Y-0 and Y-1 likely.
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