Recap Slided further down near Y-2 but bounced off before tagging the price level. Rejected by Y-0 as expected. Closed the week near Y-1 and below midpoint.
Outlook Turning the top formation into a down channel structure. Once B+1 is breached to the upside, we get bull flag continuation.
As long as Y-0 / B+1 acting as resistance, looking for Y-2 to be tagged finally.
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
Rejected upper end of the 3 week range gave us a run back down to the bottom of the range. Not a difficult play at all. Y-2 was tagged ...
Lawrence's Comment
Recap
A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can't ask for more. Closed the week below Y-0 and midpoint.
Outlook
Inside week. ...
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 Oct 08 to Oct 12 Outlook
Lawrence’s Comment
Slided further down near Y-2 but bounced off before tagging the price level. Rejected by Y-0 as expected. Closed the week near Y-1 and below midpoint.
Outlook
Turning the top formation into a down channel structure. Once B+1 is breached to the upside, we get bull flag continuation.
As long as Y-0 / B+1 acting as resistance, looking for Y-2 to be tagged finally.
Share