Recap Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
Lawrence's Comment
Recap
This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and ...
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Lawrence's Comment
Recap
Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook
The big rally was caused ...
Lawrence's Comment
Recap
Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above ...
Lawrence's Comment
Recap
Consolidation action at support as mentioned last week. FOMC announcement sent ES back down to retest the support zone and it was defended. Short squeeze on Friday finished the ...
Lawrence's Comment
Recap
The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below ...
EURUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Classic STOPD consolidation behaviour – rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook
The breakout is officially in place. It is going up. As long as any pullback is quick and bounce back up quicker and no lower than B-0, euro is on its way to B+2 and much higher.
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