Recap Bullish expectation worked out as cable continues to challenge the upper boundary. Y-0 support sent cable higher. Closed the week above Y+1 and midpoint.
Outlook Cable rising wedge on 4 hours can break the up trend if B-0 is breached. As long as B-0 / Y+1 zone holds, cable can still push to Y+2 and beyond.
Lawrence's Comment
Recap
ES opened the week by gapping up above Y-0 and filled the open gap above quickly. Retest of Y-0 confirm support and sent ES to test and clear Y+1 ...
Lawrence's Comment
Recap
As expected, a strong swing emerged after all those spikey moves. Clearing Y+2 as mentioned last week is not something to counter. Closed the week near week high and ...
GBPUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Bullish expectation worked out as cable continues to challenge the upper boundary. Y-0 support sent cable higher. Closed the week above Y+1 and midpoint.
Outlook
Cable rising wedge on 4 hours can break the up trend if B-0 is breached. As long as B-0 / Y+1 zone holds, cable can still push to Y+2 and beyond.
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