Recap Mentioned last week I am not interested in Loonie this week. Time saved as it did absolutely nothing the whole week. Closed the week at midpoint with a very tight range.
Outlook The triangle visible on 4 hours and higher timeframe is still in force. No point to touch this pair until one side wins the battle and can prove that they can push it all the way for the win.
What that means is that I wanted to see a breakout and the initial pullback has to be as shallow as possible and definitely has to be outside of the tight range defined over the past few weeks.
Lawrence's Comment
Recap
Inside week. Held right above Y-1 and blasted off higher. Thought it may break above Y+1, the original upside target, yet failed to do so, giving us ...
Lawrence's Comment
Recap
A forced flush down to Y-2. Closed the week at Y-1 and midpoint.
Outlook
Definitely trying hard to form a bottom here. The process, however, can take some time ...
Lawrence's Comment
Recap
Gapped down to Y-2 following Dow. That turned Y-0 into resistance zone. Yet NQ bounced from Y-2 all the way to above Y-0 creating mixed signals. At the ...
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
Last week's warning that once Y-0 failed to act as support, Dow has no support until 12500. There it was. Sold off to 12500 and took off. ...
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 Mar 19 to Mar 23 Outlook
Lawrence’s Comment
Mentioned last week I am not interested in Loonie this week. Time saved as it did absolutely nothing the whole week. Closed the week at midpoint with a very tight range.
Outlook
The triangle visible on 4 hours and higher timeframe is still in force. No point to touch this pair until one side wins the battle and can prove that they can push it all the way for the win.
What that means is that I wanted to see a breakout and the initial pullback has to be as shallow as possible and definitely has to be outside of the tight range defined over the past few weeks.
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