Recap Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
Lawrence's Comment
Recap
Consolidation around Y+1 with 50% range as expected. Closed the week at the week high.
Outlook
No real weaknesses showing in the chart yet. Sell setup on 4 hours can ...
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 breakout to the upside and tagged the minimal target of Y+2. Reversed from there and failed to hold Y+1 gave us Y-0. ES did not just tag Y-0. ...
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 Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Y-0 support early in the week gave us an up drift ended with 3 pushes up breakdown. Y-0 failed to hold this up and a run down to Y-1 materialized at the end of the week. Closed the week below Y-0 and near week low.
Outlook
Weekly / monthly struggle here with B-2 very strong support. Consolidation play until Brexit is over.
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