Recap Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook 2 weeks of tight range compressed more fuel for the eventual breakout from this range. Potential whiplash action at B+2 that can drop cable all the way back down to B-2.
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
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
Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above ...
Lawrence's Comment
Recap
ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES ...
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 Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook
2 weeks of tight range compressed more fuel for the eventual breakout from this range. Potential whiplash action at B+2 that can drop cable all the way back down to B-2.
Share