NIKKEI 15MIN: 15min original supply zone shortH4: we are currently inside of a h4 supply zone and reacting from it
H1: H1 supply is way below and there is a room to run untill there
15min: just created a 15min original supply zone
TP1: 1:1 R:R
TP2: Trail till just before reaching the opposing h1 demand zone
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Nikkei 225 JPN225 CFD
JPN225 Long Term AnalysisMy analysis on JPN225. Nikkei index is in a corrective structure, in an uptrend at the moment. We may soon have a smaller correction to the down and once this correction is over we should have another move up. Moving up price will test a key level where we should watch for a sell signal for a big move to the down. If wehave a breakout above this level, structure changes and long setups is what we are interested in..
NIKKEI 15MIN. : 15MIN. ORIGINAL DEMAND ZONETOP-DOWN ANALYSIS
DAILY: Daily supply zone is way up and we have a plenty of room to run upside
H1: H1 direction is currently up
15MIN: we created a 15min original demand zone inside of the H1 demand zone
TP1: 1:1
TP2: Trail the stop till we reach the daily supply
Good luck!
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Waiting for Long tradesWhen price closed above the Moving Average with period 100, it was a signal that down trend was over. Price bounced from Up Bollinger Band and it was a good opportunity to open Short trade, because we had reversal with RSI and MACD confirmation. Entry could be below 17195 with Stop order higher then 17780 and 2 Targets like 16550 and 15300 - it's Support Level. It was good and profitable trade. But what should we do if we did not open Short trade? Now, we have to wait for reversal signal and open only Long trades. If price reverses from Support Levels 15200 and 14800, we'll need confirmation from RSI and MACD. When we get it, it will be a signal for opening Long trades with Targets 16500 and 17900. Stop Loss should be placed below Support Levels. So, let's wait )
Commodities & Equities ReversalCurrently watching Bloomberg thinking every big guy & media is covering up the fact that the markets have turned and we are in for a rollercoaster ride.
Everyone seems to be just looking for a catalyst, an excuse, in an attempt to protect their own interests, when the charts say it much better.
I believe gold and silver is headed much higher in the next 2-3 years, and if you own equities you should be hedging your risk by going long volatility products such as VXX, TVIX, UVXY.
About Bollinger BandsI would like to show you the perfect signal from a such indicator like Bollinger Band. This indicator is very interesting by contractions and expansions which follow each other. After contraction there will be expansion and good trade opportunity with good movement. This daily chart Nikkei 225 shows the same. Price closed out of Bollinger Bands, MACD and DMI confirmed the breakout. It was good signal for opening short trades in the direction of the main trend. Weekly chart also confirms that it's better to open short trades with targets about 15200-15000.
Japan in rough situationtwitter.com
In summary, Japanese economy is highly dependent on exports. Recently, Japanese yen has appreciated very strongly against dollar. I think that happened so quickly and unexpectedly that many of those Japanese firms and investors did not react fast and early enough.
This could implicate large losses in margin revenues and more selling of assets. This year NIKKEI has already fallen about 20% and I think that it will continue.
Why is that?
Simply, because of dollar is likely decline further. Market had huge expectations for long time about FED raising rates. Now they're beginning to realize that FED is not going to raise interest rates at least not so frequently as they expected.
I think we are going trough same kind of situation that we saw in 1971 due to "Nixon shock". At that time the President decided to break up Bretton Woods. As a result at that time, dollar plunged also. Devaluation of dollar protects US economy. It makes US exports less expensive and foreign goods and services more expensive. Hence, it helps to create demand to US goods and services and create more new jobs. And that is exactly what US needs.
By the way, in 1971 due to Nixon shock, USD lost 45% of its value against Japanese Yen .
Finally, it's easy to understand that Japan faces a tough situation. Will they do more quantitative easing to save their stock market or do more FX intervention? I think that doing only one or the other is not enough. Another question is that do they have resources to do the both at the same time or will the Japanese economy plunge again?
Edit: the fib is little bit f- up but anyway...
Nikkei: Short the topThe Nikkei is showing an interesting setup.
On one hand, there is a daily uptrend in place, but on the other hand, price is approaching the key area corresponding to the day when negative rates where announced by the Bank of Japan.
This daily candle was followed by a higher low, which is labeled on chart as a key level, and then a heavy decline.
As an interesting sidenote, this day's low and high match the extremes of the 'value area' in the volume profile, and the 50% level marks the monthly mode (regarding time spent at price) on chart for this whole range where price has been stuck since November 2015.
You could go long Nikkei (or some yen pairs, like for instance EURJPY), to ride this coming leg up in risk on, but the bigger trade might be the short side once this is done. Interestingly, the Dax is the worst performer as of late, and might be the best short candidate.
I'll update the chart with the short entry once we hit my target.
I added the tlt, gold and hyg charts on top, and the usdjpy, Dax and S&P500 charts as an overlay to the Nikkei so you can see the interplay between them.
The idea is to use the Nikkei and Yen as a barometer for the other instruments here, everything forms part of the same puzzle and we can crack the codes with some work on the patterns on chart, and knowledge of the fundamentals, news dates, and the price reaction associated to them.
Happy Easter,
Ivan Labrie.
JPN225 - Harmonic Pattern for NIKKEI. (Structures & forecast)I've heard y'all like harmonic patterns, so what about this three-drives-pattern?
Supports & Resistances on chart!
Happy trading!
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Contact me for TRADE SIGNALS : InsideMarketFX@gmail.com / Skype: @insidemarket168
Trade record & statistics: miud.in
$Nikkei / $JPN225 At Critical Level; Favors Decline | $JPY #BOJ TECHNICAL SYNOPSIS:
1 - Predictive/Forecasting Model defines 20780 as critical high/High-prob. reversal level
2 - Technical analysis would define 20961 as probable resistance level based on June 1997 and April 2000 structural level and last month's failure to break above same level.
3 - Current bar carves out a lower-low relative to last month's bar
Net Bias = BEARISH
BEARISH SCENARIO - 50% FIB:
Decline would likely seek Fibonacci handles at 38.6%, 50.0% or 61.8% significant retracement level. However, first retracement offers little to no past structural levels for reaction when compared to significant pivot range at the corresponding 50.0% Fib retracement level.
INVALIDATION:
Invalidation would occur if price broke above and closed above 20961. For now, market remains taut to the upside.
OVERALL:
Bears are gaining ground, defending a historical 20961 level. Market is taut to the upside, while technical profile is tilting towards bearish favors.
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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David Alcindor
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