Recap Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint.
Outlook Consolidation instead of pullback from blowoff action is bullish. This points to potential short squeeze into B+2 and above. Longer term targets for ninja has always been 1.08 and then 1.12. I thought ninja needs to pause at 1.08-1.09 originally. I am not so sure anymore as retail committed positions are still too bearish on ninja.
Lawrence's Comment
Recap
As indicated last week the end of week rally from the week before was not a sign of reversal. That trapped a lot of longs. ES gapped higher at ...
Lawrence's Comment
Recap
Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed ...
Lawrence's Comment
Recap
Drifted back to Y-0 as expected, failed to hold the zone led to a quick selloff of 100% absolute expansion andbounced off right there. Closed the week ...
USDJPY Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint.
Outlook
Consolidation instead of pullback from blowoff action is bullish. This points to potential short squeeze into B+2 and above. Longer term targets for ninja has always been 1.08 and then 1.12. I thought ninja needs to pause at 1.08-1.09 originally. I am not so sure anymore as retail committed positions are still too bearish on ninja.
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