6J1! trade ideas
A Relatively Low Risk Long Idea: Japanese YenThe Yen could be in the early stages of a breakout. $EWJ $HEDJ #FX #FOREX
JPY/USD (JPY Futures) - Buy 0.88585 (Target 0.89265)Signal:
Buy - 0.88585
Take Profit - 0.89265
Stop Loss - 0.87400
JPY/USD (J6 JPY Futures) Buy Limit 0.87400, 0.87000 -Target 0.89JPY/USD (J6 JPY Futures) - J6Z2017
December 2017 Contract
Signal:
Buy Limit 1 - 0.87400
Buy Limit 2 - 0.87000
Take Profit - 0.89000
Stop Loss - 0.85900
YEN ReversalDouble bottom at the 61.8, divergent and a nice tweezer bottom on the hourly. USDJPY reached 114.3 and bounced off, I was seeking 114.5 but this all suggests we could be turning here. Time for a gap hunt?
JPY/USD (JPY Futures J6Z2017) | Buy 0.88100 (Target 0.89470)JPY/USD (JPY Futures) - J6Z2017
Signal:
Buy - 0.88100
Take Profit - 0.89470
Stop Loss - 0.87600
Tweezer Bottom On The Daily???Are we on the verge of some serious Yen strength? I'm of the opinion that we have topped or are incredibly close to a top in Equities and many of the Yen pairs have reached key levels that i have been keeping an eye on and slowly building a long Yen position in. I was anticipating the YEN Futures dropping a little lower but this potential tweezer bottom on the daily at the 50% fib level together with the all the gaps at significantly lower levels on the Yen pairs gives further strength to this idea.
Good luck all, any thoughts or ideas are appreciated
Bearish signs for Yen Currency FuturesWhich means the opposite for those who trade the spot USDJPY
We have bearish conditions for a trend reversal...
1. False breakout - bear trap at the high yesterday
2. Volume spike at that high
3. Divergences on both the 3/10 oscillator and the 16 period EMA slow line
All very strong bearish signs. I will have a look at the USD futures on another chart.
JAPANESE YEN FUTURE JAPANESE YEN FUTURE potentially moving out of a triangle shape pattern - under the radar for a long opportunity
Critical Area for YenWe are at a critical level at the yen right now for a potential long or short. Currently our primary hypothesis is that we will go back to test 500-600 level, hold above, and rotate back up, however, if this not play out and then Yen fails to hold this level and we see the dollar have a stronger than expected corrective move up, we will be looking to short off this level. Currently the trend is still in favor of the bulls and we don't see a reason to short at current prices.
Yen looking to head south.I see Yen making a lower high on the 4 hour. Would love to hear your input.
