Yen futures W1, tracking supply and demandYen futures broken weekly triangle. Buyers were found at the ~0.00895 demand zone, with gaps up on the way. Expecting some potential pullback but aiming for supply zone at ~0.01 or the main impulse zone of the previous higher high. DXY down, we are risk off, with money being flooded into the safe haven currencies.
6J1! trade ideas
Yen bull flagJapanese yen considered one of the safe havens in the fx market despite having a negative interest rate. This past week the yen has lost attraction due to risk sentiment being softer and commodities gaining traction. The Week ended in a spinning top , rejecting the 61.8 retracement but also ended the last day of the week in bullish posture. The next daily candle should confirm the direction of the yen for this week as GDP QoQ and current account take the headlines on the economic calendar. Upside tested by $.009290 (1M 38.2% retracement- $.009340 (1W 200ema/1M 50ema - $.009370 (1W 76.4% retracement)- $.009500 ( 1M 61.8% retracement/December 18' High).
As of 6-4-19 Large specs have decreased net shorts by 11.2k
Is it time to buy against the yen is it time to sell my jen now ah big drop is expected pretty soon we just reacted from the 88.6 !!!!! everything is align nicely will see what happens
Expecting Yen weakness before it gets strong againToo many people are buying the yen when its at an All time high,... Suckers.
Please give your accounts away, poor brokers need to buy a new yacht.
JPY Future small move up with baseJPY braking long downtrend and already break small base to the top. Now it the first test of previous base, if buy volume still strong it will bound and continue clime up. Always trade with risk management.
Long Idea: Japanese Yen Futures Notice the Indicator coming curving down, price moving higher to meet them. Thus risk is reduced.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).
Be sure to hit that Follow button! Please find me on social networks via the link on my profile page for more ideas from MasterCharts!
The Japanese Yen is above the 20 day ema J61!
The Japanese Yen is above the 20-day ema. the last time it was above it was on January 30.
The money flow is currently downwards so we should watch for further consolidation on the 20D ema.
Those are my levels, lower Purple (0.23 fib) is the old support. The new support is the 20 day-ema and upper purple line is the resistance.
The green levels go from green to greener
Yend me your earsThe teal lines outline the gap to fill which i think happens first. Once that is hit we moon it to the red lines for a nice short to the green lines. Then close short and flip long for all time high. Kappa
CHFJPY Might pullback soonGood day everyone,
CHFJPY might pullback very soon toward 111.500~112.000 zone , the price were oversold on our weekly T.F and now looks bullish, and we have bullish divergence on weekly and daily T.F as well
JPY FUTURES are current on a support level however the bears arent gonna respect this one (just a personal guest), at least not for a long time.
We see the price is moving sideways for a while now, a good way to enter long is wait for a strong bullish candle on H4 time frame, closing above current levels and near the candle high (without shadows or almost none).
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
YEN LONGGoing long the yen based mostly on technicals, obv no where near lows, great place to go long with a short stop loss, great risk reward
Japanese Yen Futures short 2:1Drop in price away from the level noted was due to a imbalance in supply and demand. Simple 2:1 RR set and forget.
Yen Futures Primed for ShortingYen is ready to Short. We have Overbought condition on the Stoch RSI with strong selling volume appearing. Additionally, there is Hidden Bearish Divergence also present. Target is Oversold condition on Stoch RSI. Exit if Strong buying volume appears.
Yen BreakoutI expect more sideways chop as price moves within a triangle pattern. Expect a forced breakout as price nears the apex of the pattern. A breakout higher could become problematic for "carry trades".
JAPANESE FUTURES (MAR 2019), 1D, CMETrading Signal
Long Position (EP) : 0.0091295
Stop Loss (SL) : 0.009107
Take Profit (TP) : 0.0091745
Description
J6H2019 formed Turtle Soup Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (0.0091295) and place stop after 0.618 level (0.009107). Once the position was hit, place take profit before an agreement (0.0091745)
Money Management
Money in portfolio : $1,000,000
Risk Management (1%) : $10,000
Position Sizing
$0.0000005 = +-$ 6.25/std-contract
Commission fee = -$4.94/std-contract
EP to SL = $0.00002 = -$281.25
Contract size to open = 35 standard contracts
EP to TP = $0.00004 = +$562.5
Expected Result
Commission Fee = -$172.9
Loss = -$9,843.75
Gain = +$19,687.5
Risk/Reward Ratio = 1.95
Japanese Yen vs NikkeiThank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Japanese Yen: just a snapshotHi Guys,
this is an update of what I posted last November (related links below).
Thank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Week Plan - Bullish but correction not doneLooking for a double bottom to confirm the correction is in.
It all comes down to which fib level it wants to tag before testing the top of the impulse wave.
Week plan is to be aggressive getting into any double bottom because these have a good probability of being the final move before returning to the range high.
0.0091400 swing could be support for bull moveWatching on smaller timeframes for momentum move off 0.0091400 swing.
Is at fib zone and low vol area on profile. However not super bullish here, will be more bullish down at POC.
Only short terms trades long here.
Japanese Yen ShortGetting short at the previous session's low of 92545 and covering at 92400. Thicker LVN so not waiting for the HVN below. Probably running a 10 point stop.
Short Japanese YenShort Japanese Yen at the last session's low of 92545 and covering at 92400. Thicker LVN so not waiting until the HVN below. Will run 10 point stop.
JAPANESE FUTURES (MAR 2019), 1D, CMETrading Signal
Short Position (EP) : 0.009309
Stop Loss (SL) : 0.009366
Take Profit (TP) : 0.009085
Description
J6H2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.009309) and place stop after 0.618 level (0.009366). Once the position was hit, place take profit before an agreement (0.009085)
Money Management
Money in portfolio : $280,000
Risk Management (1%) : $2,800
Position Sizing
$0.0000005 = +-$ 6.25/std-contract
Commission fee = -$4.94/std-contract
EP to SL = $0.00006 = -$712.5
Contract size to open = 4 standard contracts
EP to TP = $0.00022 = +$2,800
Expected Result
Commission Fee = -$19.76
Loss = -$2,850
Gain = +$11,200
Risk/Reward Ratio = 3.9
