USDCAD Dec 06 to Dec 10 Outlook

Lawrence's Comment Recap The likely (normal) scenario did not happen and Y-0 was taken out by a gap. Mid gap acted as support and rallied to upside target of Y+1 and ...

Lawrence's Comment Recap Sell setup never materialize. Just drift up to Y+2 which led to a sharp drop back down to Y+1 support. Closed the week below midpoint and near Y+1. Outlook 2nd leg ...

Lawrence's Comment Recap Cable popped higher first before pullback gave it a chance to stay above Y+1. That paved the way for cable to tag Y+2. Closed the week above midpoint and ...

Lawrence's Comment Recap Classic consolidation near Y+1 at 50% of previous week range. Closed the week above midpoint and Y+1. Outlook Probably no direction until after new year. As long as B-1 ...

Lawrence's Comment Recap A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down ...