Recap Ninja held Y-0 early in the week as support. Gave us a go for retest of Y+1 and potential upside breakout. Breakout happened but slammed back down hard on b.s. news. Y-0 was taken out on obvious stop run too. Yet, ninja immediately popped back up. Closed the week above Y+1 and midpoint.
Outlook Since we cannot tell if the wild actions last week was a double stop run or if it is some kind of participants acting nervous, we can only assume both extremes are rejected. Until B+1 is cleared we do not have a clean upside breakout in place.
For now, B-0 should hold and give us a retest of B+1.
If B-0 is breached, it is likely we get a coil up first before another breakout play.
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
Recap of Last Week Opened close to 50% upside expansion and moved immediately towards the 100% upside expansion target. Once the market failed to hold above the green zone, ...
Lawrence's Comment
Recap
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 ...
ContentReviewEuro: Upside Target ReachedS&P: Embrace for Volatility AgainGold: Going for 2020 Year HighBitCoin: Millionaire- or Widow- Maker10-Year Note: Facing the InevitableBig Picture SummaryReviewEuro pushed higher as expected to tag the ...
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 Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Ninja held Y-0 early in the week as support. Gave us a go for retest of Y+1 and potential upside breakout. Breakout happened but slammed back down hard on b.s. news. Y-0 was taken out on obvious stop run too. Yet, ninja immediately popped back up. Closed the week above Y+1 and midpoint.
Outlook
Since we cannot tell if the wild actions last week was a double stop run or if it is some kind of participants acting nervous, we can only assume both extremes are rejected. Until B+1 is cleared we do not have a clean upside breakout in place.
For now, B-0 should hold and give us a retest of B+1.
If B-0 is breached, it is likely we get a coil up first before another breakout play.
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