Recap Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
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Lawrence's Comment
Recap
The week started out as expected with a pop going higher to take care of the gap above and tested the resistance in 1 go. Then NQ total collapse ...
USDCAD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook
Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
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