Run above yellow zone tagging prior week high. Then w. thrust against prior week high and stalled back to prior week midpoint and failed to hold. Tested prior week low and bounced back to midpoint of the week and stalled to close at low of the week, but above prior week low. It is standard STOPD behaviour when both long side and short side could not overpower the opponents to give up their positions, thus trapped in the prior week range.
Next Week Outlook
A break of last week low (red zone) and that in turn becomes resistance, a drop to below 1.30 is in play. If support is found at the (red zone) and/or the weekly midpoint (yellow zone), a run towards the green zone will happen quickly.
Lawrence's Comment
Recap
Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the ...
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Lawrence's Comment
Recap
Y-0 resistance dropped Dow to Y-1 and then Y-2. Found support at Y-2 and zoomed back up to Y-1 and NFP Friday took Dow up to Y+1.
Outlook
Not ...
Lawrence's Comment
Recap
Sudden intraday swings all week. 100% range capped all the moves. Closed the week belowY-0 and above midpoint.
Outlook
Brexit week means wait and see until it is over. ...
Lawrence's Comment
Recap
Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 ...
EURUSD Dec 20th to Dec 24th Outlook
Recap of Last Week
Run above yellow zone tagging prior week high. Then w. thrust against prior week high and stalled back to prior week midpoint and failed to hold. Tested prior week low and bounced back to midpoint of the week and stalled to close at low of the week, but above prior week low. It is standard STOPD behaviour when both long side and short side could not overpower the opponents to give up their positions, thus trapped in the prior week range.
Next Week Outlook
A break of last week low (red zone) and that in turn becomes resistance, a drop to below 1.30 is in play. If support is found at the (red zone) and/or the weekly midpoint (yellow zone), a run towards the green zone will happen quickly.
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