Today's MARKET STATE SWISS FRANC **BEAR TREND**
- Technically the MKT is "on the fence" with the potential to go in either direction or nowhere. Pick your points and have no expectations, as the likelihood of this MKT trading sideways is high.
- On the SELL side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The pivotal nature of the session does have the potential to be the starting point for a new move. However, the probability of any trend action is more likely to just be the MKT defining its new consolidation extreme.
- On the BUY side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The MKT is "on the fence" and does have the potential to be the beginning of a new trend move. The probability of a new trend move is low. However, any price trend action is more likely to just be the MKT defining its new consolidation extremes.
Today's PRICE MAP Performance for SF
Wrap Up
Wrap Up
A great day for JS Traders in the SWISS FRANC currency futures today! In a NEUTRAL DIGESTION market state with the R Level at the DIR, the market is "wound up" and has the potential to be the start of a new directional move. Knowing full well that the possibility of a new trend move is likely, the MOVING AVERAGE crossover / "band" TACTIC is the optimal tactic to confirm a Critical Range breakout. After failing from the DIR just after 8:00 am CT, the market began to decline sharply. The momentum was clearly to the downside, and at 8:30 am CT traders were given a SELL DP BREAKOUT signal with confirmation in the moving averages. The profit objective on this trade is the DT2; however, the momentum behind this significant decline took prices all the way down to the DT3 before eventually finding support. By understanding the market environment and the key inflection pivots within the market, our traders were able to catch the big break in the SWISS FRANC and realize serious profits.
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