Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading – always a good thing.
Next week outlook
The continuation target (green zone) is too close to the resistance area (yellow zone). That means, any long trade taken may easily give back all its gain within that range if the pair choose to do a w. thrust first and gun for the downside target of previous month low (red zone).
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
Lawrence's Comment
Recap
The short squeeze scenario played out. The range expanded without any significant retracement. That is a bit surprising.
Outlook
Still no signs of accumulation and breadth is diverging from the ...
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
Lawrence's Comment
Recap
The squeeze scenario played out. NQ stalled at the target zone.
Outlook
B-0 will be tested early next week.
Failure to hold above B-0 points to eventually filling at least ...
GBPUSD Week of Dec 13th to Dec 17th Outlook
Recap of last week
Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading – always a good thing.
Next week outlook
The continuation target (green zone) is too close to the resistance area (yellow zone). That means, any long trade taken may easily give back all its gain within that range if the pair choose to do a w. thrust first and gun for the downside target of previous month low (red zone).
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