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Ninja Ascending Broadening Wedge - Day TradingI currently see a large Ascending Broadening Wedge pattern on the H1 Time-frame and a small potential channel. Based on the pattern, I reckon Ninja will potentially retest the bottom wedge line as long as it stays inside the white channel. This week, we need hints from the high-impact incoming US data to decide whether we will buy at the bottom wedge line targeting 147 or keep selling if the price breakout below the wedge line until 139. If we see DXY, It seems to have already reached the "TOP" chart attached below But unfortunately, JPYX is still crashing badly
Short
by GoldCartel
7
Can Ninja Bulls Over Power The Loonie? (CAD/JPY)Ninja Bulls Are Fighting hard (CAD/JPY) The Yen has been fighting against the Cad to push the price down, At this point, there are multiple confluences that are in line with shorts. Price, 1stly, has rejected a higher time frame resistance, it then goes ahead and breaks out of a wedge and now comes back to retest the level at 105.00. We see that on the retracement, the price pushes in a three-wave move to the upside before rejecting which creates a trendline for price to follow, The first sign that the bears will take over again is the break of the trend-line. The second sign is the Break back below 104.200 which gives us two shorting confluences. Once this happens I will look to take my position down to around 101.500. If the price breaks 101.500 then we are in a fully-fledged bear market, I will have to wait for price to provide a solid sell setup so it will depend on the strategy you use to enter trades. On the flip side, remember that price is still very bullish on the higher time frame and it could easily continue to break the resistance and push higher. With that being said it is extremely imperative that we wait for the price to break below 104.200 before we consider selling. Have a fantastic day Traders. Renaldo Philander.
Short
by Tradebudz
2
USDJPY 22nd JULY 2022USDJPY has fallen below 139.4 after failing to turn a pullback move into a bullish reversal. USDJPY may continue to decline to the daily support target as the US labor market could bear the consequences of higher price pressures. Next week is expected to be volatile for a range of USD pairs with a raft of high-importance data. A combination of consumer confidence, the latest FOMC rate decision, the first look at Q2 growth, and the Fed’s favored inflation reading, Core PCE, will provide a range of trading opportunities in the week ahead. If the released data is good, the market direction will tend to be bullish for USD. USDJPY MONTHLY
Long
by DNP-FX
USDJPY 12th JUNE 2022Minister of Finance Suzuki said "I want to watch the market trend with a sense of tension." "As the USDJPY touch 130 yen, Will we enter a phase where such upside movement is repeated in the future? I want to keep in mind that it probably isn't." But given the dollar/yen’s trend is based on fundamentals and divergence in monetary policy, the market will again test the pair’s upside. Key near-term is whether Japan will change the tone in its verbal intervention. Once 130 is broken, the next target for the currency pair is 140. The softer yen is amplifying the pain of soaring commodity prices on a fragile economy that is expected to have contracted slightly in the first three months of the year. For now the BOJ is sticking to its stimulus stance arguing that underlying inflation is still too weak to warrant change, despite continued speculation it will have to tweak policy.
by DNP-FX
6
UJ long termUsdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance. The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same. The current range is between 131.38 and 127.00. What do you guys think will happen with the japanese yen?
by mojh94
2
"Casino Royale" - EthereumDon't cry blood like Le Chiffre after you buy the top. That is amateur... ...instead be like James Bond in Casino Royale and go all in on the crash. It is coming, the question is are you prepared? By all means take long positions here (I Am) but keep in mind that when those ATH are hit, it is a ticking time bomb. Red wire or blue wire? You choose. Over the next 1-3 months I will be moving again into stables. This is what I will do... ...What will you do? - Ninja
Long
by NinjaTradingServices
John Wicks SuitWe have been in this Horizontal Triangle forever! It is taking more time to break than John Wicks suit. Don't be an amateur and jump in too early. Wait for the break and retest. Be smart like Albert Einstein . E = MC2 (Entry = Master Control x2) Control, the gift that keeps on giving. Avoid early entries like James Bond avoids the bad guys. Resist the urge and the Aston Martin will be yours! Direction? What direction? Trade the chart. Resist! Patience! Win!
by NinjaTradingServices
Bitcoin Ready To Explode?I'm always reminded to KISS (Keep it simple stupid) so I added to my long position here. I will feel comfortable if we drop to 40k, where I will add again. Remember a lot of tight stop losses just got penetrated so we have tons of liquidity to explode higher into the highs. We previously slammed into that 50k level and dropped like a rock (like I said would happen). A lot of peoples nerves are shaking right now but remember "you can't go swimming and not get wet". Accept your losses and use that finger to click the button and place the next trade because we are going higher over the next few weeks. Prediction: Bitcoin is primed and ready to thrust higher into the highs where we will again meet selling pressure.
FTX:BTCPERPLong
by NinjaTradingServices
1
Are Whole Numbers Legit?When you are able to observe the patterns that occur at whole numbers (in this case 3k) your trading will gain structure and stability so let me show you how I do it. "Consequently, these prices act as a psychological line which work well as support and resistance." - DailyFX It's not your fault when you have taken big losses in the past, you simply may not have had knowledge of how to trade around whole numbers. Often times you get fake guru's or courses that teach basic material you can find online. It can be easy to be tricked by these losers, but not any more. It is times like this that whole numbers matter. Soon when this bear market is over and we go bull you will experience a different type of price action around these whole numbers. Trust me I I've spent many years in your shoes trying to figure out certain strategies, some I have mastered and some I can still learn more. This one, I'm pretty content with. How does it work? Well, when you smash into one of these whole numbers you will see certain patterns form such as triangles/wedges/channels and often times price will depart very strongly from these whole numbers. Again the trading environment at the time will decide what direction the breakout will occur. It has been proven that large institutions and governements place there trades at whole numbers! If you want to truly understand these levels to my level then it is only available through this mechanism.
FTX:ETHPERPShort
by NinjaTradingServices
Do You Feel Lucky Punk?Never rely on luck. It will fail you again and again. Commit to a process, totally and completely. If the process does NOT work you will know after 20 or so trades. And guess what you need to do then? STOP. Simply find a new strategy, commit to the process for 20 trades until you know you have the one setup that is consistent. Do you know how I found my supply and demand strat? I tested every type of supply and demand system out there, tried some of my own, ran the process and eventually found the ONE SIMPLE technique that works. This isn't rocket science but you do need to be analytical and follow a process for at least 20 trades. Don't continually ask yourself "Do I feel lucky?". Instead follow what actually works. The Process.
NASDAQ:AMDLong
by NinjaTradingServices
Why Do People Trade SD Wrong?!You are taught to " Buy the dip ". You are told " The trend is your friend " But what is the dip and what is the trend, subjectivity destroys traders every single day. I see so many traders trading supply and demand zones so reckless . Every trader I watch just marks random zones and calls them supply and demand. What is that? When picking a supply or demand zone there are specific things you need to take into consideration in order to make real wealth when trading. NTS specializes in supply and demand zones as you may have seen verifiable in many of my ideas. But it is not just about supply and demand zones, if it was then everyone would be making money today! There are certain things your psychology must overcome for you to start making any real profit. So ask yourself, in order to trade supply and demand zones effectivley, have I actually put in the psychological work in order to truly benefit from the market?
NASDAQ:AMD
by NinjaTradingServices