Recap Easy play of the week. As expected, upside breakout with normal Y+3 target tagged. Stalled from there since. Closed the week above Y+2 and midpoint.
Outlook Gold did not end well last week which put some pressure on this pair. The strength in USD is likely to persist this week hence support at B-0 points to at least a retest of B+1.
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Lawrence's Comment
Recap
Consolidation around Y-0 all week. Closed the week below Y-0 and midpoint.
Outlook
Structure of inverse head and shoulder intact but the formation has weaken. Breaking below B-2 points ...
Lawrence's Comment
Recap
Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until ...
Lawrence's Comment
Recap
Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move ...
USDCAD Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Easy play of the week. As expected, upside breakout with normal Y+3 target tagged. Stalled from there since. Closed the week above Y+2 and midpoint.
Outlook
Gold did not end well last week which put some pressure on this pair. The strength in USD is likely to persist this week hence support at B-0 points to at least a retest of B+1.
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