Recap Popped higher upon open of the week, then flushed below Y-0 and my sell trigger was in place. Struggled around Y-1 for a while and eventually dropped to my target Y-2. Closed the week below Y-2 and at week low.
Outlook As mentioned last week, the moment cable dropped below Y-0 the downside target was Y-2. This move confirmed the daily downtrend is intact and it will be difficult to trade against the trend until B-0 turning into support.
Next week looking for some more downside and then consolidation.
Lawrence's Comment
Recap
Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint.
Outlook
Inside week. ...
Lawrence's Comment
Recap
ES smply gap down and break Y-1 right off the start. This opened the door to Y-2. ES struggled to hold up with a bear flag and eventually gave ...
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GBPUSD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Popped higher upon open of the week, then flushed below Y-0 and my sell trigger was in place. Struggled around Y-1 for a while and eventually dropped to my target Y-2. Closed the week below Y-2 and at week low.
Outlook
As mentioned last week, the moment cable dropped below Y-0 the downside target was Y-2. This move confirmed the daily downtrend is intact and it will be difficult to trade against the trend until B-0 turning into support.
Next week looking for some more downside and then consolidation.
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