Without any incident, the pair is sliding towards the weekly red zone. For the selloff to be completed this week, it should not travel back up higher than 1.575 area. Still the pair I like most lately.
Lawrence's Comment
Recap
NQ did not hold B-1 at all so the bullish scenario never triggered. Instead, the Dow break down scenario triggered first with NQ falling all the way ...
Lawrence's Comment
Recap
All week consolidation at around 50% previous week range. After NFP euro pushed higher back up to near Y-0. Closed the week below Y-0 and above midpoint.
Outlook
No strong directional ...
Lawrence's Comment
Recap
Bearish expectation worked out. Y-1 resistance sent Aussie down to below Y-2. Closed the week below Y-2 and near week low.
Outlook
Potential breakdown in the making with target ...
Lawrence's Comment
Recap
NQ flushed to Y-2 in the beginning of the week and bounced off. Similar to Dow, its test of Y-0 failed to push higher and opened the door to ...
My mind wanted to continue monitoring the position, my body is not cooperating. Flat here and leaving office.