Recap The less likely scenario presented itself – w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed the week at Y-1.
Outlook As long as Y-1 to B-0 acting as resistance zone, a retest of B-1 is likely and downside target Y-2 will be tagged.
Lawrence's Comment
Recap
Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged ...
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
Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged ...
Lawrence's Comment
Recap
Pullback to Y-0 as expected. Rally from there and printed new high consistent with my bullish bias. Cannot ask for more. Closed the week at week high and above ...
GBPUSD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
The less likely scenario presented itself – w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed the week at Y-1.
Outlook
As long as Y-1 to B-0 acting as resistance zone, a retest of B-1 is likely and downside target Y-2 will be tagged.
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