Many currencies look strong against the #yen. I have previously posted the $USDJPY chart, which shows that 119+ could be in the making. $GBPJPY presented here, much like $EURJPY, although the $GBP is looking a little stronger against the #yen. Notes on the chart. If this plays out and the yen continues to weaken, this will provide the Nikkei (Japan 225) a tailwind.
After a major bull run, we can see a death cross forming.
What is a death cross?
The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security’s short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day).
The indicator gets...
I've been following JP225USD for a while and it has just bounced off strong resistance around 28350 and it has formed a very clear H&S pattern. This is a high probability trade with a small risk. SL should ideally be above Head (28500).
Good Luck and trade safe!
Currently the best outlook of the developed markets.
- As opposed to the DAX and US Equities, the former being an absolute dog, the later under a mass delusion price wise.
E.g. If one must be long Equities, the proper spread would be LONG NIKKEI, CAC, SHORT Dow, DAX.
This spread has an annual 8%-10% advantage,...
Recommend putting in multiple TPS and monitoring the Fibonacci. I've put where I think the price range is but be careful. Japan is an ever growing market so on the monthly/yearly chart this is a 'counter-trend' trade.
let's get into practical details without any bullshit in the beginning...
We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step.
We have a bearish trend since FEB2020 on the D1 chart, the price tried to break...