CME:6J1! Taking the noise out of the chart with this Renko chart - its obvious that the 'spring is loaded' - the Yen has been range bound for a week, it will make a move. Thought this move might have more upside but based on this chart - maybe not. RSI although not in this chart is also weakening. News, or market turmoil can change this quickly. Right now it...
Hello traders, The 6J, or Japanese Yen Future is showing signs to buy. With important volume, a decreasing trend and a special candle, we expect an increasing trend for the short term. So, for intraday trading buying 6J now is a good operation. To note that you should sell at the first red candle and red volume since that at this moment we could have a trend...
the market will experience a bearish trend a good trad of the day signal sell
signal sell opportunity sell yen japonais futures the market will experience a bearish trend a good trad of the day
a strong upward trend in this market so an increase we will buy
Use this as a guide to develop your view of the chart. Main items we see on the 4hs chart: a)Price is against a Major Resistance Zone b)We can see a Wedge Pattern against that resistance level ( Weakness of the bullish movement) c)We had a first Breakout of the Wedge pattern followed by a corrective structure on the outside d)Now the price is heading towards...
4H CHART EXPLANATION: Main Items we observe on the Chart: -Price has broken the ascending trendline -Currently, price is approaching the Triangle Trendline -We expect this Trendline will give some type of Support before the breakout Based on this if the price breaks down with a close candlestick below 108.400 we expect a continuation of the downward movement...
Setup bar High-110.919 Low-110.647. Thursday had a price action high of 111.048. ENTRY at the break of previous days low 110.645 Stop above the latest high at 111.054 T1 110.236 T2 109.827 This trade comes down to one thing. Your opinion of the USD. With Fridays pull back, price from that point has been lackluster, unable to gain or lose any ground. I'm...
According to the US index reverse pattern, we're waiting the continue of uptrend tendency of USDJPY currency pair. Nearest target - 116.000. So!?!? Let's see...)))
First target 1.) 117,311 However a pullback to 116,564 = wanna get long there with stop loss 116,356. Source of the big move is from 115,124/114,772. will stay positive as long as >114,772
The premium in YEN have been increasing and even though it's on the down move in the range, the calls can be sold for a nice premium. In the immediate term I would like YEN to move up to my resistance area. If YEN has to move down, I would like it to move down slowly.