Recap Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low.
Outlook V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. B-0 and above now resistance until proven otherwise. A drop to B-2 is in play.
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
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
Channel breakdown play worked out perfectly with Y-2 target tagged. Closed the week near Y-2 and week low.
Outlook
Potential weekly down trend in the making. B-0 / Y-1 ...
Lawrence's Comment
Recap
Got the retest I was looking for and dropped to support trend line like playing from a script. ES took off since and went straight up for Y+1. Closed ...
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
GBPUSD May 04 to May 08 Outlook
Lawrence’s Comment
Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low.
Outlook
V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. B-0 and above now resistance until proven otherwise. A drop to B-2 is in play.
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