Recap Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at Y+3 area.
Outlook Sudden reversal always trap the players on the other side of the move making it more powerful. A pullback to B-0 should not happen if the pair wants to continue its run to Y+4. The interesting scenario is that B-0 tagged early in the week and Y+3 turns into resistance, we then have a w. upthrust that can send the pair back down to B-1 quickly.
Lawrence's Comment
Recap
Short squeeze in full force. 2x Month OR target tagged and paused since. Closed the week at week high.
Outlook
ES closed above the 2X month OR. That opened ...
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
Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint.
Outlook
Post Thanksgiving bias points to a ...
GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at Y+3 area.
Outlook
Sudden reversal always trap the players on the other side of the move making it more powerful. A pullback to B-0 should not happen if the pair wants to continue its run to Y+4.
The interesting scenario is that B-0 tagged early in the week and Y+3 turns into resistance, we then have a w. upthrust that can send the pair back down to B-1 quickly.
Share