Trade ideas
JXY - Up to 8/4/2019Main key: MACD
Key 1: Price leaves the Bolliger
Key 2: Slop of MACD
Key 3: Expecting to return the price channel
* Target 8/4 is calculated by Elliot rule.
* Note: RSI signal is maybe he will retest Bottom or New Bottom.
Yen index JXY Long DailyYen has been in a rather bearish mode since the abandoned baby formation that formed a few months ago, I see a potential bullish correction in the week ahead. but leave some expectations for a break below t the current support zone back into the downward move.
JPY strength Most of the JPY pairs have completed the Head and Shoulders patterns and have been going through a process of retracement. The CXY is just about to test the 0.618 before the JPY becomes BULLISH.
JXY long opportunity in the near futureNext week we will see some yen power. This is not for long. USDJPY will go up further more. When we hit the bottom of this triangle the C-wave will start in. We can expect big movement.
(JXY) Yen Short term continuation downsideCorrective Structure seems we will head down..lets see what structure develops
JXY: Still downtrendWhen analyze usdjpy, we can see breakout at H1.
However, still to early to make conclusion ..
For now, Im shorting for USDJPY
JXY- GO longJPY was predicted to make every currency go dead. This is what is there coming in nearby future.
Skittish Yen- Head and Shoulder pattern
- Up level reached
- Looks like giving up to the top from RSI and Stoch
- we may see a Stronger Dollar ? DXY is next :)
Yen index analysisI wait JPY up to sell zone I think it should drop and lower than 87.6
and I set price alert Red Dash line cross up or not for confirm bullish again.
