I have introduced the concept of Point of No Return some time ago here. It is not a complex concept but many traders find it difficult to apply the concept ...
Lawrence's Comment
Recap
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...
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
As expected, price is trapped in between. Consolidation within 50% of previous week range.
Outlook
If B+1 is taken out, Y+1 to B+2 will be tagged.
GBPUSD Nov 11 to Nov 15 Outlook
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