6J1! trade ideas
LONG - ABC correction finishedThe ABC correction could have been completed, now a movement of 1 to 5 is expected in search of new highs.
SPX near maxiums
JPY Futures Index - Trend Change in Yen CrossesJPY Futures chart shows the Yen is currently oversold, broke below falling wedge, approaching strong trend-line and horizontal support.
Watch for trend reversals across all JPY crosses. (Individual charts for Yen crosses show many pairs approaching Daily resistance zones)
Yen crosses tend to produce decent trend trade opportunities. The large impulsive move in August, shown on the chart, is a perfect example (Sudden shift to Risk Off sentiment, as S&P saw a sharp selloff) . AUD NZD CAD and even GBP (Risk currencies) would provide good short opportunities in a similar situation.
Higher time-frame charts show JPY trending higher, allowing us to trade with trend.
H1 short trade taken.Price bouncing off of M-W-D supply. Saw 2 big bearish candles on D1. Drilled down to H1 and placed trade at fresh level. Set take profit at 2:1.
JPY - Possible trend change for JPY pairsJPY Futures have recently run in to strong resistance. Last few days of price action indicate a pre-breakout squeeze to the downside.
Watching for trend change in JPY pairs...
Japanese Yen LongsSafe haven yen is seeing some serious demand in a hurry indicating for any reason or another global uncertainty is picking up momentum. for big firms the yen is a 'safer' haven than is gold.
Yen futures W1, tracking supply and demandYen futures broken weekly triangle. Buyers were found at the ~0.00895 demand zone, with gaps up on the way. Expecting some potential pullback but aiming for supply zone at ~0.01 or the main impulse zone of the previous higher high. DXY down, we are risk off, with money being flooded into the safe haven currencies.
Yen bull flagJapanese yen considered one of the safe havens in the fx market despite having a negative interest rate. This past week the yen has lost attraction due to risk sentiment being softer and commodities gaining traction. The Week ended in a spinning top , rejecting the 61.8 retracement but also ended the last day of the week in bullish posture. The next daily candle should confirm the direction of the yen for this week as GDP QoQ and current account take the headlines on the economic calendar. Upside tested by $.009290 (1M 38.2% retracement- $.009340 (1W 200ema/1M 50ema - $.009370 (1W 76.4% retracement)- $.009500 ( 1M 61.8% retracement/December 18' High).
As of 6-4-19 Large specs have decreased net shorts by 11.2k
Is it time to buy against the yen is it time to sell my jen now ah big drop is expected pretty soon we just reacted from the 88.6 !!!!! everything is align nicely will see what happens
Expecting Yen weakness before it gets strong againToo many people are buying the yen when its at an All time high,... Suckers.
Please give your accounts away, poor brokers need to buy a new yacht.
JPY Future small move up with baseJPY braking long downtrend and already break small base to the top. Now it the first test of previous base, if buy volume still strong it will bound and continue clime up. Always trade with risk management.
Long Idea: Japanese Yen Futures Notice the Indicator coming curving down, price moving higher to meet them. Thus risk is reduced.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).
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The Japanese Yen is above the 20 day ema J61!
The Japanese Yen is above the 20-day ema. the last time it was above it was on January 30.
The money flow is currently downwards so we should watch for further consolidation on the 20D ema.
Those are my levels, lower Purple (0.23 fib) is the old support. The new support is the 20 day-ema and upper purple line is the resistance.
The green levels go from green to greener
Yend me your earsThe teal lines outline the gap to fill which i think happens first. Once that is hit we moon it to the red lines for a nice short to the green lines. Then close short and flip long for all time high. Kappa
CHFJPY Might pullback soonGood day everyone,
CHFJPY might pullback very soon toward 111.500~112.000 zone , the price were oversold on our weekly T.F and now looks bullish, and we have bullish divergence on weekly and daily T.F as well
JPY FUTURES are current on a support level however the bears arent gonna respect this one (just a personal guest), at least not for a long time.
We see the price is moving sideways for a while now, a good way to enter long is wait for a strong bullish candle on H4 time frame, closing above current levels and near the candle high (without shadows or almost none).
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
YEN LONGGoing long the yen based mostly on technicals, obv no where near lows, great place to go long with a short stop loss, great risk reward
Japanese Yen Futures short 2:1Drop in price away from the level noted was due to a imbalance in supply and demand. Simple 2:1 RR set and forget.
Yen Futures Primed for ShortingYen is ready to Short. We have Overbought condition on the Stoch RSI with strong selling volume appearing. Additionally, there is Hidden Bearish Divergence also present. Target is Oversold condition on Stoch RSI. Exit if Strong buying volume appears.
Yen BreakoutI expect more sideways chop as price moves within a triangle pattern. Expect a forced breakout as price nears the apex of the pattern. A breakout higher could become problematic for "carry trades".
