Recap Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
Lawrence's Comment
Recap
Tagging Y-2 in the beginning of the week confirmed our bearish view. Pullback failed to go above Y-1 leading to a push down to Y-3. Closed the ...
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Lawrence's Comment
Recap
Got the retest I was looking for and dropped to support trend line like playing from a script. ES took off since and went straight up for Y+1. Closed ...
GBPUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook
Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
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