Recap Bullish expectation worked out as cable continues to challenge the upper boundary. Y-0 support sent cable higher. Closed the week above Y+1 and midpoint.
Outlook Cable rising wedge on 4 hours can break the up trend if B-0 is breached. As long as B-0 / Y+1 zone holds, cable can still push to Y+2 and beyond.
Lawrence's Comment
Recap
Gapped down to Y-1 yet Y-1 did not act as resistance nor support. That told us higher timeframes (comparing to weekly) at work. NQ was the one that ...
Lawrence's Comment
Recap
As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000.
Outlook
The rally is in melt up style implying ...
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
GBPUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Bullish expectation worked out as cable continues to challenge the upper boundary. Y-0 support sent cable higher. Closed the week above Y+1 and midpoint.
Outlook
Cable rising wedge on 4 hours can break the up trend if B-0 is breached. As long as B-0 / Y+1 zone holds, cable can still push to Y+2 and beyond.
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