-Technically the MKT is “on the fence” with the potential to
go in either direction or nowhere. Pick you 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
- Today in the SWISS FRANC market, we had an MCV of -2 producing a NEUTRAL DIGESTION Market State. Although there was a slight negative tone reflected in the MCV, the analyst placed the R Level at the DP, indicating to traders that above this level, the opportunity was on the long side of the market. After flirting with the UP from 3 am - 8 am, the market finally gave us the BUY UP BREAKOUT strategy that was in-line with our sentiment bias. Our expectation for a Critical Range breakout strategy is two APMD (Average PriceMap Distances) making our target the UT2. The market wasted little time, as it rallied sharply, surpassing the UT1, and ultimately trading within a few tics of the UT2.
