Recap Bear flag continuation selloff as expected and tagged our downside target. Yet, Y-1 failed to hold the pair down leading to a bounce back upto B-0.
Outlook A zoom up above B+1 with B+1 acting as support we get spike low reversal pointing to B+3.
Normally, however, B+1 will act as resistance and force a retest of B-0 downto Y-1 to confirm the potential reversal first.
Lawrence's Comment
Recap
Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal ...
Lawrence's Comment
Recap
Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint.
Outlook
Tight range consolidation. Ledge is formed. Continuation of ...
Lawrence's Comment
Recap
Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and ...
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EURUSD Nov 14 to Nov 18 Outlook
Lawrence’s Comment
Bear flag continuation selloff as expected and tagged our downside target. Yet, Y-1 failed to hold the pair down leading to a bounce back upto B-0.
Outlook
A zoom up above B+1 with B+1 acting as support we get spike low reversal pointing to B+3.
Normally, however, B+1 will act as resistance and force a retest of B-0 downto Y-1 to confirm the potential reversal first.
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