Japan 225
JPN225. Nikkei full of zigzags and patternsNikkei may have offered two following trading opportunities which are pairing with the zigzags we see on USDJPY forex pair.
First of all, a bearish Cypher pattern has just completed today. I will short the market on opening, targeting 19215 and 18995. SL set at 19700.
If the trade completes correctly, I will long the second pattern, a potential bearish Butterfly. To make it valid, we should not close the day above today´s high and below 19102. My target for the pattern is 20000 and SL at 18800 if the market gets to 19100 or 18992 values
Beautiful breakout higherAfter a strong impuls higher we have been in a corrective trend lower, and from a strong support area, we broke this important trendline higher. I am expecting further upside in the coming weeks.
I am long since 2220 with a tight stop at 2198. Targeting 2420 and 2620.
Buying dips in this stock should be a solid play in coming weeks.
Blessings to you all.
Nikkei 225 Short TradeYou see a good example, how we could use an uptrend line, a breakout and retest with following down movement. When price confirmed the reversal, we could place a pending order for entry below the low of the bearish candle. Anyway this signal is still workable for opening short trades with stop above the local swing high and profit target at the uptrend line.
Nikkei 225 Wave Count: One More RallyThe Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the dotted trendline. I like a buy on USDJPY after a bullish impulse and if the Nikkei extends toward the 3=5 level, we will have an excellent selling opportunity ahead. Cheers
Nikkei 225 Bearish DivergencePrice reverses from the resistance level 19600 with confirmation from RSI indicator. Bearish divergence gives a signal for opening short trades. Entry level is below 19185 with stop above the resistance level. Profit targets are Moving Averages with 50 and 100 periods. MACD confirms down movement and DMI allows open short trades.
GBP/JPY 4H STRATEGY JAN 17 FORECASTGBPJPY - LONG ORDER
New Year, New motives: Aiming for an emotionless trading year.
- Money Management
- Strategy Play
- Discipline
- Patience
GBPJPY: SETUP
- Waiting for MA20 to cross back above MA50 for long orders.
- MA20 to test for support again.
Rules: Long
1. MA20 above MA50
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support
Entry: Enter Long on close of Bullish candle
SL: Set below Bullish 4H candle