Recap Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
Outlook Y-3 target not tagged yet. Y-1 / B-0 resistance until proven otherwise. Retest of B-1 and tagging Y-3 likely.
Simplex was created along with several other models long time ago to provide daily guidelines to a group of forex traders who worked with me long time ago. These models ...
Lawrence's Comment
Recap
As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to ...
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
Pressed at B-1 in the beginning of the week killed the rally potential. Y-3 tagged and no support is found. Closed the week near week low.
Outlook
Similar setup ...
USDJPY Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
Outlook
Y-3 target not tagged yet. Y-1 / B-0 resistance until proven otherwise. Retest of B-1 and tagging Y-3 likely.
Share