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JXY

USD/JPY: Don't sleep on this short opportunity Yesterdays setup was very specific and for good reason. Our specific strategy for this short setup yesterday was designed to be able to resist any "fake outs" or simple upside that came from the pair at the key levels shown in those charts at that time. Yesterday's amount of short sellers who're either close to being margin called or already hav given us the ability to jump in with there stops. Yesterday's failure for price to reject said zones/levels and break, sustain, and close below them, showed both the lack of liquidity, and follow through/ conviction in the market. This can be attributed to a few things, namely;; seasonality. Since then, UJ has pushed up and we can now look for trades in a different setup. It's interesting at the current levels however, making a new higher-high which gives us an opportunity regardless of shorter term 40hr bias. 110 out my upside this week at this point. This is taken into account using options data from Bloomberg. There are a lot of option expiring both in the 110 and 108ish key levels so it's key remember this can go long. I'll place the options data below, USD/JPY 108.00 1.5bn USD 108.10 603m 108.35 626m 108.40 400m 108.45 740m 108.50 810m 108.65 454m 108.70 429m 108.72 419m 108.75 400m 108.90 532m 108.95 1.3bn 108.96 665m 109.00 891m 109.15 995m 109.50 790m 109.75 540m 109.80 480m 110.00 1.4bn
Short
by UnknownUnicorn3442968
5
Weekly Update (Nov. 25-27th Update)It's been a super quiet day and one of the quiet weeks sor gross volatility so far this entire year. For those asking about why no signals have been sent: we simply can't take opportunities that don't exist. All position less than a 15 pip horizon have been stopped out today by gauging some fo the community outlets I use to gauge market sentiment. I understand a lot of members (especially new members) are getting frustrated because you're in a "signal" group that hasn't posted a trade since market's open. I want to make it clear that this way of thinking is by far the biggest hurdle as a professional trader you will need to make in order to do this for a living. I will add that even if that market doesn't move, we're still behind the scenes 24/7 to make sure we provide every opportunity possible. If you follow what we tell you, and trust us with our ability to vette out only the highest probability, low drawdown, trades that are available in the market. This being said, with slow markets like these I will begin to dedicate my time towards providing educational publications on our Alchemy FX page on Tradingview so keep an eye for that. We're looking forward to both a profitable day and week of trading. Stay tuned
TVC:DXYShort
by UnknownUnicorn3442968
6
GBPJPY LONG 500PIPSVery good second opportunity to long GBP and short JPY. GBP is the weekest currency and JPY is the strongest I believe that ratio will turn aroud in next weeks or 3-4 months. After July FED rate cut that I believe is imminent we will see new much higher ATH for stocks = risk on. Economic cycle will be extended thanks to rate cuts... On the other hand BOE might lower interest rates as well which would be bad for sterling BUT according to economists sterling's fair value is about +4% higher from current levels. JPY on the other hand is too expensive for Japans heavily export oriented economy so BOJ might intervene or investors might take a breath from shiny safe heaven. Technicals: price have reached demand zone and strong resistance from apri 2017. RSI oversold with divergence. MACD divergence as well WEEKLY MACD turning positive on higher timeframe. 3:1 RRR Target 38.2% fib retracement. GOOD LUCK
Long
by TG_Advisory