Recap B-0 failed to act as support on pullback leading to a flush back down to Y-1. News shock played a big role on the flush though. Closed the week at the low and below Y-1.
Outlook Outside down week is a very strong bearish setup. That capped the upside for next week to B-0. A drop down to Y-2 / B-2 is expected.
Lawrence's Comment
Recap
Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. ...
Lawrence's Comment
Recap
Dow failed to hold above 13450, gave way to a flush to Y-1. Cleared Y-1 easily, pointing to Y-2 as the target. After tagging Y-2, Dow bounced ...
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
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
Lawrence's Comment
Recap
Dropped below 15000 as expected. Flushed down to Y-3 and support was found. Bounced back up to week mid. Closed the week near midpoint and Y-2.
Outlook
Well structured selling. No ...
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
GBPUSD Jul 09 to Jul 13 Outlook
Lawrence’s Comment
B-0 failed to act as support on pullback leading to a flush back down to Y-1. News shock played a big role on the flush though. Closed the week at the low and below Y-1.
Outlook
Outside down week is a very strong bearish setup. That capped the upside for next week to B-0. A drop down to Y-2 / B-2 is expected.
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