Recap Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
Outlook The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as this 1.23 to 1.25 zone acting as support.
This week consolidation likely after the wide range week.
Lawrence's Comment
Recap
Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the ...
Lawrence's Comment
Recap
NQ opened higher and went above Y+1 immediately. Sitting above Y+1 opened the door to Y+2. NQ then took off and tagged Y+2. Reaction to Y+2 was a shallow ...
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USDCAD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
Outlook
The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as this 1.23 to 1.25 zone acting as support.
This week consolidation likely after the wide range week.
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