Recap Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
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
Breakout play worked out. Clearing Y-1 gave us a straight melt down to Y-3 target. Then a technical bounce took ES higher back to Y-1. Closed the ...
GBPUSD May 28 to Jun 01 Outlook
Lawrence’s Comment
Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook
No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
Share