Recap Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
Lawrence's Comment
Recap
Congestion. Stuck at 50% week range around Y+1. Closed the week above Y+1.
Outlook
Way stronger comparing to Dow or S&P. Definitely bullish as Y+1 was defended.
Only way to send ...
Lawrence's Comment
Recap
Consolidation around Y-0. Tried hard to hold Y-0 early in the week but failed. Leading to a move down to equal distance below Y-0. There was no panic selling ...
Lawrence's Comment
Recap
Failed to trade above the resistance I mentioned last week. Messy price action around Y-1 since. Capped within 50% previous week range. Closed the week below midpoint and above ...
GBPUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook
A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
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