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
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early ...
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.
Share