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Nikkei Daily update (24/8/17)19300 is a nice support zone. there is no nice candle to long at the moment. next support zone if 19300 broken will be 18900 tradesafe Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
OANDA:JP225USD
by imjmesl
cadjpy short Ascending Triangle This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evident by the higher lows.It seems cadjpy is making a compression sell . its a good thing to wait until the price goes up around the supply area to enter short. sell limit order around 87.652 Stop loss : 88.070
Short
by Munzirmokhtar
Nikkei (Japan Stock Index daily Update (10/8/17) *BEAR SignsApparently Nikki index has a lot of downward pressure from here. It is kinda early to enter but if it becomes obvious, it is considered too late as well. It may be hard to break down 19,2350 level strongly first and it is very likely. TP1. a nice swing area. TP2. a nice congestion area where bull will fight back. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
OANDA:JP225USDShort
by SonicDeejay
2
GBP/JPY British pound vs JPYThought: What if we actually break north? What if price continues to drop? My Overall Bais: Bullish Confluence: 3rd bounce of Daily black TL. Confluence: possible break of the H4 blue TL. Confluence: price laying on 61.8% Confluence: RSI (waiting for Tuesday) Scheduled Trade: No trade Monday: NO Tuesday 3AM EST: TBD based on confirmation check list. Note: Either price fights its way down taps the Red M.A., and gives us a launching pad for the rally ride north. Follow Instagram: WallstreetJon
Long
by BlueNoteFx
LONG Another DeJaVu Gap Up After WeekendThis is what I am seeing on UJ with USD ( DXY 0.07% ) getting primed for a turn around and another possible run to the UP side. As per my previous LONG idea (You-Jay All Day) we are still following the same uptrend as in April this year. The chart on the left was back in MAY, the one on the right is this past Friday. So I am tempting fate with seeing the market repeat itself again with another GAP UP or at the least a nice UP day at the beginning of the week.
Long
by Bonavest
EUR/JPY: Short This pair went up for a long time and now we are seeing some deceleration this tells me that a pullback might be coming. -> We formed a double top -> We formed a triangle (consolidation pattern) When u spot those things, just wait for the market to prove itself. During the Asian and early London session, this pair broke to the downside which tells me that I should be on the look-out for a SHORT trade. I want to see a retest of this trendline that was broken -> 4H, 2H, 1H chart, doesn't really matter. Just a good retest, with a nice candle on one of these TF's ( The higher the TF, the better ). Personally i will look for my go-to setup when price retests that level. Goodluck.
Short
by BoyWonderfx
Potential for further Yen Strength. Hello Traders, At the end of the month I like to do some monthly candlestick analysis and look at how the month closed and to get a better feel for the longer term perspective. Technically the yen looks poised for further gains since closing below the previous month's lows. I use depending on the asset class the 10 EMA or 20 EMA on the Monthly Charts to determine what type of trend a market is in. In this case, we have a monthly close for March exactly on the 20 EMA. So anything can happen here. If bulls take control and manage to close above March's highs then it is probable that we test the 124 handle. On the other hand, if April closes below the 20 EMA and March's lows then it is very likely that November USD/JPY bulls will begin to liquidate their long positions and the cross pair can head to test the 100 - 105 handles. Monthly RSI has been on a downtrend since topping out in December of 2014. So strength still remains biased to USD/JPY bears. Feel free to share ideas and open discussion in the comment section! Manage your risk, trade smart and with a plan. =)
by Daniel.B