SharkBullish shark that appears to have landed at the 1.113 versus the .886 so some call it an alternate shark.
Possible stop under C.
No recommendation
CNYJPY trade ideas
SharkM Pattern that appears to have landed at the .886.
Possible stop under 19.49 or where you see support.
No recommendation
CNYJPY rocketing upEarly multi degree impulse. Good news for bulls ofcouse, and there is more gas behind it by the looks of it. I am confident that we are going up on this one. I always say this, and I will say it again, nothing I say is financial advice. Think for yourselves! Fibonacci goals in green or purple, invalidation is in red. Fractals never lie and Fibonacci series shows us a few goals out of a million or more possibilities.
Cup and HandlePossible stop below mid cup which is 15.3288
Pattern only valid at or above long entry level
Not a recommendation
Industrial or Precious Metals? Watch CNYJPY pair.CNYJPY pair the signal to watch for industrial vs precious metals trend.
Yen Bearup Strategy AnalysisI suggest a bearup strategy that is tick focused on profitable bidding on the negative correlations for the yen. That means when a wave reaches a low point, it buys and then sales at the positive burst over and over again. Though this has generally been a negative trading pair, there a shorts that are filled with positive correlations that can make this profitable whether at 0.49% positive returns or up to 6.79%+ with commissions. Utilizing a bearup with 170+ pips, can also be extremely profitable when using it in automated trading.
For now it is better to hold yen rather than yuanUntil the end of 2016, cheaper Japanese yen against Chinese yuan(aka renminbi) is very unlikely despite it's now out of the previous ascending trend channel.
On the other hand, I found a wedge on RSI which indicates that the price would not drop any time soon.
It's my first time posting chart on tradingview.com, leave me a comment if you have questions. Thank you!
CNYJPY bouncing off 2012 50% retracementI think CNYJPY is a risk off indicator that people should pay more attention to, especially if it crosses the 61.8% level.
CNY/JPY triangle breakdown (Nikita FX )This is a following-up of CNY/JPY's wedge breakdown. And now it breaks down thru
the triangle bottom line, too.
the target of wedge breakdown was already met. I am now concerned about the Gap Down
which is shown on this Chart.
As far as being below the triangle bottom line, CNY/JPY still goes further downward, however
be cautous with any movement of filling Gap Down.
Nikita FX (climbingfx.jugem.jp )
Fractal CNY/JPY started its wedge breakdown (Nikita FX )As I had already mentioned that CNY/JPY has Fractal Chart correlation with USD/JPY.
As of this Chart, CNY/JPY had its wedge breakdown that would lead into the triangle breakdown,too.
The target of the triangle breakdown & the Big H&S target would be almost the same level (16 low ).
Therefore USD/JPY is also heading for the same direction into the deep Abyss.
Nikita FX (climbingfx.jugem.jp )
