Last Week Recap Mini DT led to a quick selloff to month midpoint (the usual stop point for sudden moves, btw). Then staged a 1-2-3 buy, and tagged minimal ...
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
Ninja failed to clear Y+1 gave us a drop to Y-1. Ninja reacted to Y-1 but it failed to stop the drop right there. A bear flag on 4 ...
GBPUSD Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low.
Outlook
Momentum to the down side is too strong for B-1 to hold. Y-1 now strong resistance until proven otherwise. More downside is expected.
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