Recap Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook 2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is likely.
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
Breached Y+1 early in the week and then consolidated above previous week close. NFP report lifted ES up to Y+2. Closed the week above midpoint and near week high.
Outlook
Strong ...
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
GBPUSD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook
2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is likely.
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