Recap Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
Lawrence's Comment
Recap
Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...
Lawrence's Comment
Recap
Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 ...
USDCAD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook
Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
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