Japan 225
Nikkei: Appears to have bottomed for nowWe can enter longs here (or in AUDJPY, like I reccomended to my clients), risking a small drop below low volume support). Risking 0.5% potential upside makes this trade worth it.
The weight of evidence suggests the BOJ will help us make some decent progress on this position soon.
Cheers,
Ivan Labrie.
Nikkei 225 Bearish DivergenceThe resistance levels which is marked on the 4H chart can be a good entry for a short trade. We have bearish divergence formed by MACD and RSI. Place a pending order below 16770 and stop above 16950. Profit target is Moving Average 100. On the daily chart price is near up Bollinger Band and it can be an additional confirmation for possible down movement.
6) The Japanese market will help timing the collapse (US+EU)August 15, 2016
Hello folks ! So almost everything is written on the chart. Don't take it for granted, as I do not possess a crystal ball. However, one thing is clear: prices that are displayed vary across brokers' platform(s) for a battery of reasons (Futures, Market Makers, Bid/Ask spread or average price etc.)
There is one thing to take back home though: 50% and mean reversion has always been one of the keys.
The signal is clear here: 17500 is the target and short should be triggered. It also acted as a strong resistance many many years ago :)
Japan is testing a strong daily support zonePrevious trend line (should act as support) and 3 MA lines will try to support $EWJ breakout attempt
If that breakout is real EWJ should bounce from here higher
If it'll close below the 200 days MA line - BOOM! Crash and burn..
Tomer, The MarketZone
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Nikkei 225 Moving Higher!Nikkei 225 index has been in a correction and is not moving higher to test the upper trendline.. If broken above it could go higher toward 20000 levels or probably move down and correct further.. Expect current rally to carry further till 17600 levels for the time being. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
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SELL USDJPY Targeting 100From a technical perspective the USDJPY put in a bearish engulfing pattern on 7/21, which coincided with the channel trend line and major resistance area of 105.5-106.5. Now today we put in a 4 hour bearish pin bar retesting that same area. The retail crowd has also been adding to their longs recently, which now sits 59% long. Just more evidence that we're setting up for a sell off. I'm short with a stop loss above 106.550 and targeting 100.
USDJPY: Trying to catch the exact topDear traders, we have a few 'Time at mode' signals on chart, obtained from the daily and 8h chart.
The potential time and/or price targets on chart, are levels (and dates) where USDJPY might top, and resume the longer term downtrend it's currently embarked on, which is being retraced as we speak, as a result of news of potential fiscal stimulus by the BOJ, which was rumoured to triple the estimated size announced recently, today.
The chart tells me we will see an euphoric top in it very soon, and I will look into shorting as soon as we break a daily bar's low, forcefully. I'll update the chart as the setup pans out (or not), detailing when to take a position, and with which stop loss and target. No one should miss this trade, once it's confirmed, that is.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Nikkei: Potential for downtrend continuation against resistanceDear trader, I'm short the Nikkei here, speculating on this being the top of the recent 'helicopter money' induced rally.
The Nikkei hit a long term downtrend mode from below, and is now sitting at this level. Would be interesting to see if price proves us right and gives reasons to add to shorts, to join the impending downtrend.
I'm also in a few *JPY shorts, associated to this setup here. I'll post a trade weighted Yen index as well, see related ideas.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
JPYUSD: The yen rally continuesAfter Bernanke visited Japan, and whispered into Kuroda's ear, the market reacted with a strong decline in the Yen, accompanied by a broad risk on rally that absorbed the Brexit losses. It's possible that this rally has topped, with all or most bears forced to cover their shorts, collaborating with the momentum run.
If you are a 'Key Hidden Levels' subscriber, one look at the RgMov indicator here will tell you what the main trend is, and when to enter long to rejoin this trend. It'll be a good idea to enter longs above today's high on Monday, with stops under today's low, or you can speculate on this new daily high, and just enter at market now. It's up to your risk aversion and discretion, just keep in mind the setup's rules involve buying the new daily high on Monday, and sacrificing a couple pips, for a lower risk entry.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
JPN225 NikkeiBased on what I am taught, every time RSI hits 80 and above there should be a new high after retrace. There are 3 possible peaks in this picture, the lowest has already been breached. leaving the other 2. Same case as usual if there is a MACD gold cross in the future for this chart, I will be very careful. This is a monthly chart for study purpose; not trading.
How this pans out we will have to be patient. Each candle is a month so sit back and relax.