DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Japanese Yen (6J) My COT strategy has me on alert for new short trades in 6J if we get additional bearish entry...
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Japanese Yen (6J) My COT strategy has me on alert for short trades in 6B if we get a confirmed bearish change of trend...
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT JPY (6J) My COT strategy has me on alert for short trades in 6J if we get a confirmed bearish change of trend on the...
A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options...
When the Bank of Japan hiked its interest rate at the end of July, global markets went into turbulence. We will discuss what currency carry trade is, why the yen carry trade has caused this global volatility, and, importantly, whether the market will resume its uptrend. Micro E-Mini Nasdaq Futures and Options Ticker: MNQ Minimum fluctuation: 0.25 index points...
A brand-new cycle for the Japanese economy is in the making with a higher inflation to come and a weaker yen. When the Bank of Japan hiked interest rates for the first time in 17 years, the Japanese Yen instead of strengthening, it crashed. Micro Japanese Yen Futures Ticker: MJY Minimum fluctuation: 0.000001 per JPY increment = $1.25 Japanese Yen Futures &...
The explanation for this analysis is in the text on the chart This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes the: - Smart Money Concepts - Multi Timeframe Liquidity and Market...
I had to publish a new chart because the JPY Futures contract rolled over, resulting in a large gap in the continuous contract that I initially shared. Both take-profit targets were achieved perfectly! Linked to this post is the updated chart.
We have a nice intra-week setup on the USDJPY here that could lead to a continuation of the downward trend in the form of a Bearish Shooting Star with Bearish Divergence at the PCZ of a Bearish Shark on the Hourly Timeframe
Type : Bullish Rise Resistance : 0.0071705 Pivot: 0.0070675 Support : 0.0069015 Preferred Case: On the H4, with price moving along the ascending trendline and RSI is showing an ascending trendline, we have a bullish bias that price may rise from the pivot at 0.0070675 where the 23.6% fibonacci retracement is to the 1st resistance at 0.0071705 where the 38.2%...
Type : Bearish Drop Resistance : 0.0072125 Pivot: 0.0070865 Support : 0.0070165 Preferred Case: On the H4, with price moving below the ichimoku indicator, and within the descending trendline, we have a bearish bias that price will drop from pivot at 0.0070865 where the current price and 78.6% fibonacci projection are to the 1st support at 0.0070165 where the 100%...
After news release for US Dollar, 6J Futures JPY USD seems to be developing a more clear market structure and completing a bullish Shark formation. When price reaches the marked zone it would be wise to look at price action behavior around the area to see if price provides us with a valid entry for long opportunities.
Yen is expecting to see a big resistance at level 0.008989
Event to watch : FOMC meeting on 17 Mar BoJ meeting on 19 Mar
We have a Buy signal for my Prediction Stop loss and Take Profit on the Chart
Sell signal for my prediction Stop loss and take profit mentioned on the chart
Probability: 65% for my prediction the market will keep going up The Take profit and Stop loss mentioned on the chart.
Probability: 65% The market will keep going up. Stop loss & Take profit Montioned on the Chart.