Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading – always a good thing.
Next week outlook
The continuation target (green zone) is too close to the resistance area (yellow zone). That means, any long trade taken may easily give back all its gain within that range if the pair choose to do a w. thrust first and gun for the downside target of previous month low (red zone).
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
Lawrence's Comment
Recap
As expected consolidation within Y-0 to Y+1. Ended the week by expanding to, what else, 50% aboslute expansion. Someone playing the game from a script.
Outlook
Bounced off Y-0 ...
Lawrence's Comment
Recap
50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook
The monthly resistance of 100-102 from years ago is now support. Being able to build ...
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 Week of Dec 13th to Dec 17th Outlook
Recap of last week
Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading – always a good thing.
Next week outlook
The continuation target (green zone) is too close to the resistance area (yellow zone). That means, any long trade taken may easily give back all its gain within that range if the pair choose to do a w. thrust first and gun for the downside target of previous month low (red zone).
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