Recap First move in the week caught me by surprise – zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook Last week I was looking for weaknesses in the pair and I got it 1/2 right. Seems like the sellers were not in controll at all when we got that stop run move to the upside. That signals the potential of a bottom in the making for the near term.
Swing trading will not be a good idea for this pair until after a clear direction is established.
Lawrence's Comment
Recap
3rd week in a row the major US indices are repeating what happened last year. The rising wedge broken early in the week and turning into sideway action around ...
Lawrence's Comment
Recap
Ninja popped higher with upside target tagged as expected. Resistance at Y+3 keeping the range in check. Closed the week near Y+2 and above midpoint.
Outlook
Strong resistance at ...
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Lawrence's Comment
Recap
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the ...
USDCAD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
First move in the week caught me by surprise – zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week I was looking for weaknesses in the pair and I got it 1/2 right. Seems like the sellers were not in controll at all when we got that stop run move to the upside. That signals the potential of a bottom in the making for the near term.
Swing trading will not be a good idea for this pair until after a clear direction is established.
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