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.
Lawrence's Comment
Recap
Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook
As mentioned last week, the original ...
Lawrence's Comment
Recap
As expected, ES dropped below 2000 to challenge its monthly support zone. Picture perfect Y-2 test sent ES striaght back up to Y-1, breakout and zoom higher to Y-0 ...
Lawrence's Comment
Recap
Y-0 did not hold Aussie down. Gold surged in beginning of the week. Good enough excuses to pop Aussie to Y+2. After tagging Y+2 normal upside target, ...
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.
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