Recap Drifted back up to Y-0. Sold off from there as expected. Cleared Y-1 in 1 go. Stuck at Y-1 since. Closed the week near Y-1 and below midpoint.
Outlook Getting very close to the long term support zone as mentioned in my newsletter. This should produce a tradable bounce once a 4 hour reversal is in place.
2 ways to engage this swing opportunity just like cable. Check that out for the setups.
Chart with key levels. Purple horizontal lines mark the 2012 range. Light purple horizontal line marks the 50% expansion. Blue lines down channel. Red lines ...
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Lawrence's Comment
Recap
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel ...
EURUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Drifted back up to Y-0. Sold off from there as expected. Cleared Y-1 in 1 go. Stuck at Y-1 since. Closed the week near Y-1 and below midpoint.
Outlook
Getting very close to the long term support zone as mentioned in my newsletter. This should produce a tradable bounce once a 4 hour reversal is in place.
2 ways to engage this swing opportunity just like cable. Check that out for the setups.
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