Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook 1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. wild swings expected) as many short term traders already turned bullish after the minute drop so far.
Lawrence's Comment
Recap
Cable gapped down and tagged Y-2 first. The stage was set for an up drift back to Y-1. Consolidation week around open instead of previous week close. Closed the ...
Lawrence's Comment
Recap
As expected the pair tagged Y+2 first. Then wild swing in gold price dropped the pair lower. Closed the week between Y+2 to Y+3.
Outlook
Continuation rally to B+2 is ...
EURUSD Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint.
Outlook
1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. wild swings expected) as many short term traders already turned bullish after the minute drop so far.
Share