Recap Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and midpoint.
Outlook Original daily uptrend was broken but downtrend has not been established yet. As long as Y-1 / B-0 acting as resistance, a retest of B-1 is likely.
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
Just posted a new article, Weekly STOPD Pattern: Forex Bearish Midpoint Cross, for premium members. I will post a few more as soon as possible because I see a storm ...
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
USDCAD May 05 to May 09 Outlook
Lawrence’s Comment
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and midpoint.
Outlook
Original daily uptrend was broken but downtrend has not been established yet. As long as Y-1 / B-0 acting as resistance, a retest of B-1 is likely.
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