J71! trade ideas
buy 6J1! 30.06.2020hello dear traders, 6J1! is going finally up (bullish trend ) and that is good news ,and as probabilities shows that market will have a strong resistance, and there is a 20% that in that resistence market will be back in bearish trend, but in other way probabilities shows again that there is 80% that market will break that resistance to become a support and in that case we double our position))
Yen Future signalsThe Japanese yen future is showing signs to buy. We have that candle squeeze with a higher volume.
It’s time to sell; 6J will decrease to reach the first support S1, and could try to go down to support S2.
Now we sell and wait that green volume with green candle, or we could wait that it reaches the support S1 to end the trade
6J intraday analysisHello traders
6J is showing signs of an upward trend. With the high volume and that special candle, we predict an increasing trend.
We buy right now and sell after reaching R0, especially if we have that red volume and red candle.
But if the price breaks that R0 resistance, we 6J should reach R1 resistance.
The Spring is loaded CME:6J1!
Taking the noise out of the chart with this Renko chart - its obvious that the 'spring is loaded' - the Yen has been range bound for a week, it will make a move.
Thought this move might have more upside but based on this chart - maybe not.
RSI although not in this chart is also weakening. News, or market turmoil can change this quickly. Right now it looks like its holding on for dear life - and heading down.
6J, seems it has good signs for intraday tardersHello traders,
The 6J, or Japanese Yen Future is showing signs to buy. With important volume, a decreasing trend and a special candle, we expect an increasing trend for the short term.
So, for intraday trading buying 6J now is a good operation.
To note that you should sell at the first red candle and red volume since that at this moment we could have a trend change.
Thanks
6J, Waiting for the break of equilibriumJapanese Yen Future is in equilibrium, It means that in that zone, no trend or signal for a specific trend is clear.
So, we will wait for a huge volume so that the 6J could break the equilibrium and increase, otherwise, it will continue with a small variation inside this range