Recap Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint.
Outlook Bear flag on 4 hours points to retest of B-1 and likely lower. Successful attempt in closing the week above B-0 will point to a near term bottom in place.
Lawrence's Comment
Recap
The moment Y-1 failed to support euro, I posted in our real-time chat that it is heading for 1.30. We got that 2 days later. euro did ...
Lawrence's Comment
Recap
Rumors / news shocks flying high with inverse head and shoulder formed against Y-1. Upside breakout immediately get us Y+3 target. Closed the week above Y+2 and at weak ...
Lawrence's Comment
Recap
As expected, the FBO against Y+1 brought us a nice drop back down to Y-1. ES found support at prior intraday double bottom zone and bounced back up to ...
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USDCAD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint.
Outlook
Bear flag on 4 hours points to retest of B-1 and likely lower. Successful attempt in closing the week above B-0 will point to a near term bottom in place.
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