JICPT

JICPT Updated 

Price didn't come to my zone yesterday. Now, it formed a new zone as I drew in the 1H chart. The flip is a bit below. Trigger: 5m reversal pattern shows up after touching the zone.

JICPT Updated 

First of all, Target 1 got hit not long after I published the previous idea. Then, it moved between the entry zone and target 1 range for approximately 3 days. Finally, it penetrate the zone today. Buyers takes control. So I'm looking for a pullback add-on opportunity.

JICPT Updated 

Obviously, crude oil is pretty strong and the next target is USD60. From the 2H perspective, the slope changed that indicates a slower speed. This also create a entry point as I drew on the chart.

JICPT Updated 

My trading idea is based on daily chart. From the weekly perspective, the price is in the middle that tells us to do nothing. So, it's a short swing trade! So in a nutshell, It's daily + Trend + price action.

JICPT Updated 

My trade idea is based on weekly chart. It's confluence trading with weekly demand zone & Fibs & Flip. If you don't mind the USD4 to USD5 stop loss. You can choose to enter or use call options. I'm confident on the weekly zone. I drew three possible entry zones on 2H chart for your reference.

JICPT Updated 

My trade idea is mainly based on daily chart. Basically, confluence plays. If you're aggressive, you can already in this trade. Personally, I'm a bit conservative that I need to see the price action on 60m.

JICPT

My trade idea is mainly based on DXY. It seems that the sideway range will likely be penetrated soon. As the mirror of DXY, I spotted that daily downtrend has been formed. Though, the demand zone is not far away. I'm expecting a quick retest of the yellow zone on the daily chart before coming down to the daily demand zone where buyers may come in. Trigger: ...

JICPT Updated 

I am right about the DXY. Now price is the still between the previous high and dynamic low zone. Likely, the NFP data released next Friday will give Dollar index a push, until then price may still go sideways.

JICPT Updated 

Actually, 30000 is a key level where buyers need to take a rest. From the daily perspective, a 5% drop is expected shortly after. However, the five o clock drop style is believed to be unsustainable. There are two possible scenarios as below to play with: 1. Drastic fall occur early next week. Price hit the daily zone and bounced back from there 2. Sideways for...

JICPT Updated 

My weekly chart shows the boundaries of price range and why. The trade idea is mainly based on daily demand zone & flip & gap. Trigger: price action on 60m chart.

JICPT Updated 

Reasons to long: 1. Weekly momentum is strong 2. Price comes to the daily structure after a nearly 6% drop. Trigger: Price violate and the downtrend line on 2H and formed bullish patterns(youtube got tons of these videos) Recently, market become volatile, be careful! No matter what, our winning pattern will show up again and again.

JICPT Updated 

This is a momentum play and price came back to the control low zone formed yesterday. the entry area is my previous short entry zone, so it's sort of flip. Trigger: smaller TF, say 5min reversal pattern showed up

JICPT Updated 

Reasons to short: 1. momentum 2. structure & MAs & control high 3. high RR ratio what is against me: Price is into daily buy zone. There might be a reversal. Basically, it's a quick short trade.

JICPT Updated 

My trading idea is based on 1H chart. The 2 defense line is the two most-likely level that buyers come in to reverse the short-term downtrend. The trading time frame is 5m when we look for reversal pattern, e.g. bullish engulfing, breaking downtrend line, taking out nearest control high. FOMC will release its statement on 3 am in the morning time. As usual,...

JICPT Updated 

From the daily perspective, downtrend is definitely weakening with higher low formed. Some highlights are as below: 1. The power transfer in the US was in peace which removed the political uncertainty factor. That benefit dollar in my opinion. 2. CNH has been up too much against the greenback for the past year and Chinese government may not prefer. That hurt the...

JICPT Updated 

As my previous post pointed out, dollar retreated from my marked zone(refer to the link below). Now, price touched the dynamic control low. From my point of view, price will be between the two marked zones for a while. The sideway will create some short swing trading opportunities next week, e.g. forex, commodities. However, we should also be noted that price...

JICPT Updated 

My chart is clear: 1. short setup is based on daily timeframe. The wide area requires me to fine tune. 2. Trading time frame is 60m. 3. The setup requires dollar to be weak. Refer to my idea link below, dollar is likely sideways. So this might be against the short setup. Trigger: waiting for uptrend line being violated inside or near the yellow zone. If price...

JICPT Updated 

The bullish setup is based on daily time frame. By identifying the 120m chart, I think the momentum has been changed from bearish to bullish.