Recap Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above midpoint.
Outlook Trapped shorts are now forced to cover. B+1 and Y+1 are in play with potential to breakout upside.
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Lawrence's Comment
Recap
Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below ...
USDCAD Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above midpoint.
Outlook
Trapped shorts are now forced to cover. B+1 and Y+1 are in play with potential to breakout upside.
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