Japan 225
Sell USDJPYOver the weekend we gapped into the area of 110.5 where we have trendline resistance, previous structure and the .618 fib level. I got short at 110.4, which I closed out earlier. I am now short again at 109.8 with a stop at 109.99. Expecting further downside. Check out some of my finance articles including one I just wrote about a Forex hedge fund @ anyhows.com
USDJPY: Bottom's in...as wellThis is an update to my previous $USDJPY publications. We are long, after averaging in for 4 days, starting the day of the exact low, with a cost basis of 108.66, holding a 33% account long position.
I think we can resume the rally, and get an uptrend of proportions similar to the one that took place after the presidential election in the US.
I'll be looking to add short term entries, applying multiple trend following proprietary strategies that we use to better leverage trends while they last. If you're already in, try to be patient and hold, after we surpass the red resistance zone we have a lot of upside in this pair.
Good luck!
Ivan Labrie.
Nikkei (JP225USD)Japan has been in a channel since the end of 2016, after the break of a wedge formation on the 12/03/17 coupled with a SAR swap and a fall outside the Keltner further bearish movement has been expected. This was tested on the 11/04/17 as the Nikkei convincingly closed outside of the channel. Today we have had confirmation of that break out.
$NIKKEI - Adam & Adam Double BottomThis is dovish #BOJ & hawkish #FOMC scenario.
GL!
thepatternsite.com
NIKKEI-225 Trend breakout test ShortNikkei breakout the channel and recently tested back and got rejected i expect a move to monthly support @ 18600-18700
It will push UsdJpy down to 108 Levels.
good luck!
Nikkei 2017 PlanLooking to sell above 19200.
Fingers crossed we get a decent correction south and can start to buy sub 16300
NIKKEI's expected correction may be over...looking for LONGWe expected a corrective move on NIKKIE, the Japanese benchmark stocks index.
As we mentioned previously we will remain bullish above 19000 area. On the other hand a bearish bais on a daily close below 19014.
Price action in recent 5 days has been fairly corrective. Please bear in mind the NIKKEI AND YEN maintain a -ve co-relation much of the time. After Fed's last week rehtoric market is pricing risk-on mode. We expect YEN to weaken and NIKKIE to put more gains. As of now a bullish hammer is in place @ 19253 support.
Although entering long is lucrative from a purely technical perspective. But we will be bit more conservative and wait for the confirmation of up-move.
Thanks....
Trade with Care....
NOTE : IDEAS ARE PUBLISHED BEARING DAILY TIME FRAME SETUP ONLY...
USDJPY - Bullish Hi guys, looking at UJ Im feeling it's very mixed. Everything depends on what people say about rate hikes. In any case, what swings it for me is that UST10 has broken upwards this week and it could find some strength here.
Anyway, I may be biased here because of my long term view of short Gold.
Comments/opinions are welcome.
Note I am not long in this, I'm short in gold. This is my opinion.... and I'm not a professional which obviously shows but... I don't want some 15yr old trading his dad's house away because I published an opinion I just want some scrutiny on.
USD-JPY bullish continuationREAD THE GRAPHIC... MOEX:USDJPY
Important confluence 38.20% and 61.80%
PERFECT AB:CD movement!
Target: 115.000,115.500 and 116.600
Stop loss:112.900 and 112.750
R/R 2.2 and 2.48
Enjoy and happy trading week
Like and follow.
Nikkei 225: Ascending Triangle and Buying OpportunityGreat impulse followed by a sideways correction that's taking the form of an ascending triangle. This is a common continuation pattern and may be an excellent buying opportunity. After the break, I want to be long.
Nikkei Short JPN225www.tradingview.com
Moving averages positioned the same. MACD, Stoch and RSI are positioned the same.
Nikkei - Monday's open is criticalThe bullish momentum appears to have run out of steam near as weekly candles have repeatedly failed near 19,600 levels since late December.
We also have a bearish 5-DMA and 10-DMA cross over on the weekly
The MACD has turned bearish as well.
Hence, Monday's open below 5-MA level would open doors for a test of the rising trend line support around 18,600.
On the higher side, only a daily close above 19,600 would signal continuation of the rally.
$NKY / $USDJPY ie in USD continues to range$NKY divided by $USDJPY has ranged both before and after the election. It is due to turn down now, more likely to be NKY than JPY
