Lawrence's Comment
Recap
Weak start with gap down. Sold off yet the gap below was not even challenged. Drifted up through multiple gap up days. Closed the week above Y+1 and near ...
Lawrence's Comment
Recap
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We ...
Lawrence's Comment
Recap
Spike and ledge setup trigger by FBO against Y+1 first, giving way to Y-1. Closed the week near Y-1 and week low.
Outlook
If last week is the 2nd ...
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USDCAD Sep 09 to Sep 13 Outlook
Lawrence’s Comment
Got the FBO against Y+1 mentioned last week. Tagged Y-3 as expected. The easiest play last week. Closed the week near week low and above Y-3.
Outlook
As long as B-0 acting as resistance, more downside is expected.
This week is likely a consolidation week waiting for the Syria crisis to produce an answer first.
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