Recap Cleared my resistance zone. Landed at target Y+3. Good enough for me. Closed the week at Y+3 and near week high.
Outlook Two possible scenarios. First, consolidation around or above B+1 is likely as ninja cleared the major resistance in 1 go and in need to absorb the imbalance first. Second, if Y+3 serves as support, the melt up will have a good chance to continue and force a print at B+2 first.
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
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
Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint.
Outlook
Brexit breakout play off the wide range of B+1 and B-1. This means ...
Lawrence's Comment
Recap
My question last week was answered the moment NQ gapped up above its Y-0. That killed the chance to go lower and provided a platform for Dow to hold ...
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
USDJPY May 13 to May 17 Outlook
Lawrence’s Comment
Cleared my resistance zone. Landed at target Y+3. Good enough for me. Closed the week at Y+3 and near week high.
Outlook
Two possible scenarios. First, consolidation around or above B+1 is likely as ninja cleared the major resistance in 1 go and in need to absorb the imbalance first. Second, if Y+3 serves as support, the melt up will have a good chance to continue and force a print at B+2 first.
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