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.
MJY1! trade ideas
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
WAIT PULLBACK ON RESISTANCE - 6J1! JAPANESE YEN TRAPPED IN RANGEThank you for your likes! Really appreciated! Thank you to share with everyone in the community.
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The market is trapped in a range . Wait for a break of the support/resistance.
The resistance has been tested several times . this has increased the probability of seeing a pullback
happening again at that price level.
Solution:
- Wait for pullback on resistance or break of support before entry.
-If you are already in, take your profits when possible and wait strong signal to enter again.