Recap Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and above midpoint.
Outlook As long as Y-1 is capping Cable B-1 will be retested.
Due to the flush low nature last week, a more complex pullback can be in the making with Y-2 / 1.54 being the support to kick start an up drift to challenge B+1 and then Y-0 in coming weeks.
Lawrence's Comment
Recap
Got the sell setup mentioned last week and NQ did a 200% range expansion of previous week range. Closed the week below Y-1 and midpoint.
Outlook
NQ long term sell setup ...
Lawrence's Comment
Recap
Bearish bias worked out. Y-0 resistance sent Aussie down to Y-2 normal target. Closed the week near Y-2 and week low.
Outlook
Y-3 target is still in play. Y-1 ...
Lawrence's Comment
Recap
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...
GBPUSD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and above midpoint.
Outlook
As long as Y-1 is capping Cable B-1 will be retested.
Due to the flush low nature last week, a more complex pullback can be in the making with Y-2 / 1.54 being the support to kick start an up drift to challenge B+1 and then Y-0 in coming weeks.
Share