Recap Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook Structure down channel move does not last. If B-1 acts as support, a retest of B-0 / Y-1 zone is likely.
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
I have been talking about this in my real-time chatroom for quite sometime and many people email me for the specifics. Here is an introduction of market breadth on forex ...
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
Lawrence's Comment
Recap
Pushed above Y+1 following the up channel play but failed to hold above Y+1. That set the stage for a test of Y-0. Broken the channel to the downside ...
GBPUSD Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook
Structure down channel move does not last. If B-1 acts as support, a retest of B-0 / Y-1 zone is likely.
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