Recap Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above midpoint.
Outlook Trapped shorts are now forced to cover. B+1 and Y+1 are in play with potential to breakout upside.
Lawrence's Comment
Recap
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered ...
Lawrence's Comment
Recap
As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then ...
Lawrence's Comment
Recap
Target mentioned last week tagged first and then bounced off. Second drop broken Y-1 support level and the downside target Y-2 tagged by the end of the week.
Outlook
Three ...
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Lawrence's Comment
Recap
Resistance zone worked out and forced a drop to Y-1 as expected. Closed the week below Y-1 and at week low.
Outlook
More downside expected. daily down trend established.
...
USDCAD Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above midpoint.
Outlook
Trapped shorts are now forced to cover. B+1 and Y+1 are in play with potential to breakout upside.
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