Recap Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
Lawrence's Comment
Recap
Option expiration week played out perfectly to mess with everyone who forgets about it since last month. Initial attempt to blast higher from Y+1 failed leading to first flush ...
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
Feb close acted as resistance and selloff to fill gap below. That was the play mentioned last week. But it was all we got from the formation. ...
USDCAD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
Share