Recap Formed a slightly higher low and then pushed higher. Yet failed to clear the original bear flag support line that is now resistance. Closed the week above midpoint.
Outlook Inside week. Bear flag all week just like many other pairs. As long as B+1 is acting as resistance more down side is expected.
Lawrence's Comment
Recap
The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1.
Outlook
The reaction at B-0 points to a retest of B-1. Congestion within B-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
Lawrence's Comment
Recap
NQ was under heavy distribution mid week with likely target below Y+1, yet the BOJ announcement took the world by surprise and many traders are burnt badly. NQ shot ...
USDCAD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Formed a slightly higher low and then pushed higher. Yet failed to clear the original bear flag support line that is now resistance. Closed the week above midpoint.
Outlook
Inside week. Bear flag all week just like many other pairs. As long as B+1 is acting as resistance more down side is expected.
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