Recap Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel to the pair for full breakout down to Y-3. Closed the week below Y-2 and near week low.
Outlook 1.08 is historically important price level. Jumping through it due to stop run implies a retest will have to happen in the near future. Short side not in control until proven otherwise. The test of 1.08 / B-0 will clue us in.
Lawrence's Comment
Recap
As mentioned last week, Y-0 acting as support will start a powerful rally and the target zone was tagged by end of the week.
Outlook
B-0 acting as support, ...
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
Short squeeze in full force. 2x Month OR target tagged and paused since. Closed the week at week high.
Outlook
ES closed above the 2X month OR. That opened ...
USDCAD Jun 23 to Jun 27 Outlook
Lawrence’s Comment
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel to the pair for full breakout down to Y-3. Closed the week below Y-2 and near week low.
Outlook
1.08 is historically important price level. Jumping through it due to stop run implies a retest will have to happen in the near future. Short side not in control until proven otherwise. The test of 1.08 / B-0 will clue us in.
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