Recap Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
A common topic among many questions I received. Here is the answer in one big infographic.
Embed This Infographic In Your Site (copy code below):
Why Trading Emini S&P Is As Good ...
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Range bounded trading as expected and Y-0 support is not even challenged. Closed the week at 50% absolute expansion.
Outlook
B-0 to B+1 zone is a significant resistance area. Any ...
Lawrence's Comment
Recap
Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high.
Outlook
4 hour up trend established trying to ...
Lawrence's Comment
Recap
Consolidation at 50% range found support above Y-0 and sent this back up to Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 resistance points to potential ...
EURUSD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 and midpoint.
Outlook
A longer term sell formation in place. More weaknesses expected as long as Y-1 / B-0 is acting as resistance.
Euro can drop quite a bit lower from here as there is no real support until 1.30.
Share