Recap Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below midpoint and Y-0.
Outlook Multiple week bear flag broken to the downside points to retesting Y-2 and possibly lower. As long as B-0 upto Y+1 acting as resistance zone will not consider long trade.
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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 ...
Lawrence's Comment
Recap
Minimal pullback and test of Y+1 stopped at 50% range. Closed the week near Y+1 and above midpoint.
Outlook
FBO against B+1 with a quick drop below B-0 will ...
USDCAD Oct 08 to Oct 12 Outlook
Lawrence’s Comment
Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below midpoint and Y-0.
Outlook
Multiple week bear flag broken to the downside points to retesting Y-2 and possibly lower. As long as B-0 upto Y+1 acting as resistance zone will not consider long trade.
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