Recap Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week near Y+1 and midpoint.
Outlook Bull flag on 4 hours landing at Y+1 is sign of strength. As long as Y+1 holds, a quick turnaround to test B+1 is likely.
If Y+1 fails to act as support, then another round of consolidation down to B-1 and below will be in play.
Lawrence's Comment
Recap
NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ ...
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 failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe 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
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
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
USDCAD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week near Y+1 and midpoint.
Outlook
Bull flag on 4 hours landing at Y+1 is sign of strength. As long as Y+1 holds, a quick turnaround to test B+1 is likely.
If Y+1 fails to act as support, then another round of consolidation down to B-1 and below will be in play.
Share