Recap Y+1 resistance sent Cable back down to Y-1 as expected. Closed the week below Y-0 and midpoint.
Outlook Inside week weak close is bearish. Breakout mode with B-0 cleared from below will lead to at least a test of B+1. B-0 strong resistance until proven otherwise with downside breakout more likely.
Lawrence's Comment
Recap
Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed ...
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
I have been thinking of what kinds of real-time trading tools will help the Emini day traders. I came up with several concepts last year but was stuck with technology ...
GBPUSD Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Y+1 resistance sent Cable back down to Y-1 as expected. Closed the week below Y-0 and midpoint.
Outlook
Inside week weak close is bearish. Breakout mode with B-0 cleared from below will lead to at least a test of B+1. B-0 strong resistance until proven otherwise with downside breakout more likely.
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