Recap Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint.
Outlook Bear flag on 4 hours points to retest of B-1 and likely lower. Successful attempt in closing the week above B-0 will point to a near term bottom in place.
Lawrence's Comment
Recap
Monday and Tuesday consolidated as expected. Then we got the selloff midweek in afterhours between Wednesday and Thursday. Since then ES rally all the way back up ...
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
USDCAD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint.
Outlook
Bear flag on 4 hours points to retest of B-1 and likely lower. Successful attempt in closing the week above B-0 will point to a near term bottom in place.
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