Recap Opened the week above Y+1 and staying above invalidated the potential for a drop back down to Y-0 and below. Fed announcement sent cable to Y+3 normal breakout target and stalled. Closed the week below midpoint and Y+2.
Outlook 2nd wide range week closing near midpoint likely gives us a consolidation week around B-0. Price should be trapped within B-1 and B+1.
Lawrence's Comment
Recap
No continuation selloff. Instead we got a consolidation week. ES moved around Y+1 with no directional push until end of the week after NFP report. Closed the week above ...
Lawrence's Comment
Recap
I was looking for a pullback to B-0 early in the week. That worked out as expected. Then a bounce back up to at least a retest ...
GBPUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Opened the week above Y+1 and staying above invalidated the potential for a drop back down to Y-0 and below. Fed announcement sent cable to Y+3 normal breakout target and stalled. Closed the week below midpoint and Y+2.
Outlook
2nd wide range week closing near midpoint likely gives us a consolidation week around B-0. Price should be trapped within B-1 and B+1.
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