Recap Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week near Y-2 and week low.
Outlook Stop hunt driven move does not last. Y-2 / Y-3 strong support on higher tiimeframes. Support zone holds a retest of Y-1/ B-0 from below is likely.
Lawrence's Comment
Recap
As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to ...
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Lawrence's Comment
Recap
Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below ...
USDCAD Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week near Y-2 and week low.
Outlook
Stop hunt driven move does not last. Y-2 / Y-3 strong support on higher tiimeframes. Support zone holds a retest of Y-1/ B-0 from below is likely.
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