USD/JPYinteresting correction pattern, the price drop as wave C. Yen future also shows good pattern but in reverse way.
USDJPY1! trade ideas
/J6 -- Bearish Trade on 15MRight now am looking for the trade shown, however if the price begins to flag up slowly I will potentially take a more aggressive 15M entry -- if this is the case I will update below
Yen: Trade for Continuation of Bearish Impulse on 15M4H AO has not crossed yet so this is a shorter term trade...here we can see a three wave correction with divergence and a double top on the last wave. My first target is the previous low. I will update at breakeven and when close to the target.
J61 USDJPY EURJPYContinue short scenario for Japanese Yen. Expecting big reversal after touching a resisting some key areas as show. RSI continues to be weak. USDJPY 114.5 EURJPY 1.33
GL
JAPANESE FUTURES SEP18 (1d)Trading Signal
Short Position (EP) : 0.0090950
Stop Loss (SL) : 0.0091580
Take Profit (TP) : 0.0089320, 0.0086455
Description
J6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.0090950) and place stop after 0.618 level (0.0091580). Once the position was hit, place take profit before an agreement (0.0089320) and 0.0086455
Money Management
Money in portfolio : $80,000
Risk Management (2%) : $1,600
Position Sizing
$0.0000001 = +-$1.25 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $0.000063 = -$787.50/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = $0.0001630 = +$2,037.50 (STD)
EP to TP#2 = $0.0004495 = +$5,618.75 (STD)
Expected Result
Commission Fee = -$9.88
Loss = -$1,575
Gain#1 = +$2,037.50
Gain#2 = +$5,618.75
Total Gain = +$7,656.25
Risk/Reward Ratio = 4.86
JPY Future JUN18 (1d)Trading Signal
Short Position (EP) : 0.009095
Stop Loss (SL) : 0.009158
Take Profit (TP) : 0.0088765, 0.0086385
Description
J6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.009095) and place stop after 0.618 level (0.009158). Once the position was hit, place take profit before an agreement (0.0088765) and 0.0086385
Money Management
Money in portfolio : $80,000
Risk Management (1.0%) : $800
Position Sizing
$0.0000005 = +-$6.25 (Standard)
Commission fee = -$2.47/contract (Standard)
EP to SL = $-0.0000630 = -$787.50/contract (STD)
Contract size to open = 2 standard contracts
EP to TP#1 = +$0.00021850 = +$2,731.25 (STD)
EP to TP#2 = +$0.00045650 = +$5,706.25(STD)
Expected Result
Commission Fee = -$9.88
Loss = -$1,575
Gain#1 = +$2,731.25
Gain#2 = +$5,706.25
Total Gain = +$8,437.50
Risk/Reward Ratio = 5.32
J61 Japanese futures USDJPY EURJPYJapanese futures in a sideways wedge, about to test 200MA on daily, as the base of the wedge has already been tested I expect it to move to the top of the wedge. I will be following wedge for break either way but my expectation is it will continue long as it is in an uptrend since 2015 and it has already breached this wedge in March 2018 when we saw the low in USDJPY. This will mean most pairs against JPY will be short USDJPY EURJPY etc.
YEN FUTURES LONG?Could yen futures go high?
I believe that we could see Yen Futures going to highs of 0.0093125.
Pay attention to the futures guys when trading yen pairs...
ALSO PAY ATTENTION TO THIS KEY LEVEL(0.092500)
Japanese Yen: Trade for Bullish WaveThe bearish wave seems to be running out of steam...now forming this wedge pattern along with divergence on the 4H chart.
A more conservative approach would be to wait for the bounce and flag to long, but based on this set-up I am willing to take the trade.
The target shown is only Target 1. Will update when moving stop loss to breakeven and managing the trade.
Yen Price EquilibriumTo meet my Price Balance Theory, yen should go extremely deep,,,, correct me if my theory wrong but I believe soon Yen will crashed so deep ... Can Jap government do something about it, how far and long they can ??? :)
JPY - Strength of the YenHi all,
I tried to cover the Yen pairs and some confluence information to support my ideas, however, the video got cut a little short.
The video shows my reasoning of not going against the strength of the Yen so hopefully you find some value here.
Cheers
P.S. Video only allows 10 minutes so it was quite brief but I tried to get to the point on most Yen pairs as quickly as possible.
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
