Recap Gave us a beautiful reversal right off the start of the week with Y+2 target tagged with no heat. Y+1 support since. Ran straight up to Y+3 target before pullback. Closed the week above Y+2 and midpoint.
Outlook Wide range reversal in place. As long as Y+1 / B-0 acting as support, more upside likely for coming weeks.
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
Y-1 never touched resulting in a 1-2-3 buy on 4 hour to go higher. Y+2 tagged before rsistance is found. Closed the week below midpoint and Y+1.
Outlook
Potential weekly FBO. ...
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
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 Jun 09 to Jun 13 Outlook
Lawrence’s Comment
Gave us a beautiful reversal right off the start of the week with Y+2 target tagged with no heat. Y+1 support since. Ran straight up to Y+3 target before pullback. Closed the week above Y+2 and midpoint.
Outlook
Wide range reversal in place. As long as Y+1 / B-0 acting as support, more upside likely for coming weeks.
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