The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50....
Softbank Group, given the most significant player in Asia PE / Fintech and leverage it does take a Macro implication.
Upside capped by Pitchfork.
Testing multi-year support
A possible H&S pattern.
The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup...
Following the successful break of the bull flag and the quick follow through, there is no surprise that we are seeing a pullback on this ETF. I am starting to average back in after slowly taking profits from 27.50 (prior high) and above. There is no sign of a bottom here, but I am happy with the current price and will buy more if we move lower. The long term...
I personally think this is going to have a huge rise as Japan has just reported that there main goal is to make 4 trillion yen and have already made 3.5 billion so I feel as if this would be worth investing in as of all the reports
TSE:8818 is currently stuck in the 1400 - 1600 area (white box area )
But If price succeeds to break above the white box and closes above the 1600 level , it is very likely to go bullish towards the 1975 - 2000 area as marked by the box .
On the contrary , If it breaks below the box ,and closes below the 1400 level , then it is very likely to drop to the 1120 -...
Prices broke higher from a Symmetrical Triangle pattern this week, putting the 2021 (111.65) high and 2020 (112.22) high in focus. A reversal lower prior to that may see bulls attempt to turn resistance into support. The MACD oscillator signals healthy momentum in price, which puts bulls at an advantage going into Q4. The 23.6% Fibonacci level is the most...
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or...
Beautiful follow through following the break of the bull flag. Currently testing all time highs, but move has been aggressive as seen by the extension from the 20day SMA and overbought RSI. It is currently the largest allocation in my portfolio and I will look to take some partial profits here hoping we get a slight pullback for an accumulation.
Patience has started to pay off. I have been averaging into this ETF for a while - especially when we saw the re-test of the inverse h&s neckline. The bull flag has finally broken higher and will target new all time highs - will hopefully see 31/32 region. Currently largest % holding in my portfolio and happy with current allocation.
130 - 130.33 is strong resistance zone that poses a serious challenge to upside momentum. Seller may soon return if the pair have a fail break out.
=> May be short at price 130 or 130.33. target 129.20 or 128.50. Stoploss 130.60.