Recap News shock created the double top and breached Y-0 support. The downside target of the double top tagged by end of the week. Closed the week below Y-1.
Outlook Lowest price level for dollar yen in years printed this past week. The bottom picking in this pair has created a huge imbalance that a flush of this kind is unavoidable.
Still looking for the bottom forming process to complete first before trading this pair. If we get a w. spring from this new low off the previous long term low, the bottom will be confirmed.
Lawrence's Comment
Recap
Rallied to Y+1 but failed to hold above it. That points to a pullback to Y-0. Instead, ES gapped thru Y-0 and dropped to 100% absolute range expansion ...
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
Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...
Lawrence's Comment
Recap
Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook
Seasonal strength ended last week. Low volume environment can work ...
USDJPY Oct 24 to Oct 28 Outlook
Lawrence’s Comment
News shock created the double top and breached Y-0 support. The downside target of the double top tagged by end of the week. Closed the week below Y-1.
Outlook
Lowest price level for dollar yen in years printed this past week. The bottom picking in this pair has created a huge imbalance that a flush of this kind is unavoidable.
Still looking for the bottom forming process to complete first before trading this pair. If we get a w. spring from this new low off the previous long term low, the bottom will be confirmed.
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