GBPUSD Mar 11 to Mar 15 Outlook

By News Robot

Lawrence’s Comment

Recap
1-2-3 buy off Y-1 in the beginning of the week pushed cable back up to also Y+1. Yet it was not strong enough and sold off from 1-2-3 sell breaking Y-0. That gave way to Y-2. Cable finally broke down by end of the week and almost tagged Y-2. Closed the week near week low and Y-2.

Outlook
Never got the chance to test Y-2 until the end of the week. Multiple tries at bottoming out last week all failed points to the potential of a flush more significant than I first thought.

Same strategy like last week, looking for a quick flush that snap back up and hold B-1 to go long for at least a push towards B+2.

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