Recap Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
Outlook The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as this 1.23 to 1.25 zone acting as support.
This week consolidation likely after the wide range week.
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
ES dropped lower initially but turned into 1-2-3 buy on 30-minute against Y-1 which gave us a go for Y-0. Y-0 was cleared and turned into support. This sent ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Got the wild swings mentioned last week. Violent breakout to the upside and tagged the Y+2 tagged. Once the upside objective is reached, ES started to free ...
USDCAD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
Outlook
The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as this 1.23 to 1.25 zone acting as support.
This week consolidation likely after the wide range week.
Share