J71! trade ideas
YEN & USDJPY Alternative AnalysisFollowing the traditional technical analysis rules, the symmetrical triangle is a continuation pattern. Two are currently forming, one on the YEN futures daily and the other on the USDJPY. Triangles are patterns which form during rangebound markets as buyers and sellers compete over price value. Traditionally those who in prior control of market direction win out. If that ends up being the case here and the Yen breaks out and the USDJPY breaks down then the latter is not looking for support until 102.5 right around 300 pips from the current price. I went back an look over the weekly COT charts and Dealer Intermediaries (sell-side) have been dropping net shorts on the YEN since mid-November, sitting at -13,589 at last week's reporting. If the YEN breaks out above most recent supply zone and the Dollar rally continues to falter, than I'll be definitely looking for shorting opportunities below 105.25
Japanese Yen Futures SHort (J6 or 6J) 0.0095 stop on 0,0097Japanese Yen Futures SHort (J6 or 6J) 0.0095 stop on 0,0097
Monitoring YEN Momentum for Break Below ChannelStrong YEN dominance since last November showing ever-so-slight signs of weakness. Both RSI and MACD painting divergence. Trend is still BULLISH, but I'll be watching for a break below the channel if current demand levels do not hold. Also worth noting are the candle wicks in the supply area around that 0.0095 area which indicate several failed attempts by market bulls to push up price.
Japanese Yen: Maintaining Bullish Bias Paid BigNote that the price of of this instrument never closed below the Red Indicator line. I maintained my bullish bias because of this.
WHERE IS THE JAPANESE YEN HEADED?Yen Futures are currently on the rise if you are of course holding a short position on GJ,EJ, AJ or even UJ . HOLD ON, BE PATIENT.
You could be holding an even more lucrative trade. If prices surpass the 0.0095315 Zone , you're in for a treat as I think that if prices surge pass this key level prices could RETEST (Resistance Zone) at 0.100000
YEN Index - expected waves countsHello traders
I expect yen yo start retracement soon unless it break the in validation level
Thanks
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
