Recap Made a deep pullback but finally reacted similarly like Aussie. Completed the week by tagging the target Y+1.
Outlook As long as B-0 acts as support, B+2 is next target. A longer term bottom is potentially made last 2 weeks. Confirmation pattern not in place yet.
Lawrence's Comment
Recap
The no bias setup became a breakout play this past week. Cable was trapped at the upper zone mentioned last week. Then the announcement came, cable flushed down to ...
USDCAD May 16 to May 20 Outlook
Made a deep pullback but finally reacted similarly like Aussie. Completed the week by tagging the target Y+1.
Outlook
As long as B-0 acts as support, B+2 is next target.
A longer term bottom is potentially made last 2 weeks. Confirmation pattern not in place yet.
Share