Recap Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
Lawrence's Comment
Recap
ES opened the week by gapping up above Y-0 and filled the open gap above quickly. Retest of Y-0 confirm support and sent ES to test and clear Y+1 ...
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
Bear flag breakout like Dow. ES rallied higher to fill the open gap above and then stalled. Closed the week at Y-2 and above midpoint.
Outlook
As long as B+1 acting ...
USDCAD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook
Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
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