Recap A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week closed below Y-0 and midpoint.
Outlook A 1-2-3 sell in place on 4 hour with B-0 resistance. Likely to tag Y-1 easily. B-2 should also be tagged but more downside will be difficult because of the decisive rejection of 1.025 back in September.
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
Euro found support after 50% range expansion down to near Y-2. Double bottom on 4 hours produced the low and gave us equal distance run back up above previous ...
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
USDCAD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week closed below Y-0 and midpoint.
Outlook
A 1-2-3 sell in place on 4 hour with B-0 resistance. Likely to tag Y-1 easily. B-2 should also be tagged but more downside will be difficult because of the decisive rejection of 1.025 back in September.
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