JICPT

JICPT

Hello everyone. From the crypto currency to bond market, global market got great hit by unexpected surging inflation and rate hikes followed. Even gold dropped, the safe heaven asset faces selling pressure as well. It seems only the USD got attraction. So, what about NQ? My last published idea titled 'NQ may drop further to 11500!' worked. It bounced back from...

JICPT Updated 

Hello everyone. We see massive sell-off for the past few days. NQ has been down by over 25% from the peak created last Nov. From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%. Unfortunately, the duo long-term MA has been firmly conquered. Where might the index...

JICPT Updated 

Hello everyone. I just the checked the forex screen and AUDNZD got my attention with a strong buy under the 'moving averages rating' col. Basically, this is a pull-back setup. Friends know that I'm not a big fan of breakout trade. Here we got the trending line, flip as well as fib and more importantly, a strong rally-base-rally demand zone. So, I set an alert...

JICPT

Hello everyone. It's been days since I published ideas regarding crude oil. Obviously, the sideway structure has been terminated as the key supply level of $118 got firmly conquered. On the technical side, the next supply level is $130. The bottom demand zone is $111-$113 where the 61.8% fib retracement sits. What do you think? Give me a like if you're with me.

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Hello everyone. Tesla dropped by almost 50% from the peak. On the weekly chart, it's still in the uptrend. The nearest demand zone is $544 to $580. I think it'll be served as solid zone and it'll be rebound once hit. What do you think? Give me a like if you're with me.

JICPT

Hello everyone. BTC has been down by over 60% from the historic high created in early Nov. last year. The massive volume got my attention with small base formation. From the volume spread analysis, it is a sign that sellers may be tired with buyers coming in. The nearest trouble level is $32543(flip), however the key supply zone is $35000 to $36480. What do...

JICPT

Hello everyone. JPY has been weak against USD since Jan. of last year by almost 30%. With almost 90 degree rise on the monthly chart, I started to notice that usdjpy is coming into solid supply zone(132-135.39). In my opinion, buyers is likely to take a breath just before arriving at the key zone. The current key support level is 127 . If that level broke, I'd...

JICPT

Hello everyone. Crude oil has formed a range as marked on the chart, with the bottom of 93.25 to 95.25 and the ceiling of 114.61 to 117.67 . The bottom has been tested once and bounced back with news that EU may ban the Russian oil. Now the war has been over 10 weeks. I have the feeling that the focus starts to move away. I recommend not doing anything as...

JICPT Updated 

Hello everyone. The surging US10Y yield above 3% trigger sell-off, with the tech-heavy index suffered the most pain. The index has been down by over 500 points. Look at the US 10Y yield monthly chart, I think it's coming into the solid supply zone(3.07%-3.26%). I think the possibility of penetrating the zone with the first test is very low. It may consolidate...

JICPT

Hello everyone. EURUSD has been down by 15% from the peak of 1.23ish created in Jan. of last year. Now, it's approaching the the bottom of the big sideway structure with previous low around 1.0355 to 1.0479. My trade plan is as below: 1. bullish long setup: After hitting the zone(1.0355 to 1.0479), looking for signs on 4H for reversal pattern. 2. bearish...

JICPT Updated 

Hello everyone. Now has got my attention as its price approached the bottom of the range, followed by a series of bullish candle sticks. On the weekly, it's rebounding from the long-term MA. On the daily, it's leaving the bottom area with $546 and $592 served as supply level. What do you think? Give me a like if you're with me.

JICPT

Hello everyone. The unprecedented inflation figure since 1981 and possible two 50bps interest rate hikes have scared investors. I noticed on last Friday that almost everything drops, including crude oil, gold, natural gas, bitcoin, global stock indices. You name it. Funds have flowed into dollar and treasury because those are safe-haven assets. Yen dropped a lot...

JICPT Updated 

Hello everyone. The recent sharp uprising of the US 10Y yield weighed on the stock market indices, including S&P. However, it started to attract my attention as price approached to 4400 where Fib as well as flip level sit. This is a simple bullish setup with high probability. I set alert around 4400 and will check the arrival on smaller timeframes to the...

JICPT Updated 

Hello everyone. It's been one months since I published an idea titled 'USDCNH testing policy bottom of Chinese Government'. Definitely, 6.35 is policy bottom which explained clear in the related idea below. However, it kept going down until it touched 6.30. It was very interesting to observe the huge volume . I suspected government intervened as whole figure...

JICPT

Hello everyone. Last November, I posted an idea titled 'Don't rush to buy Zoom for the new wave of Covid' . I'm actually right, price has dropped by more than 60% since then. Now, I observed a possible reversal pattern, with downtrend violation. Now, I need $94 to be served as a solid defense line, in addition, $128 is required to be firmly conquered. By then, I...

JICPT Updated 

Hello everyone. NQ has performed well since March 16th after Fed's decision to raise interest rate for the first time since the end of 2018. The moderate 25 bps hike calmed investors a bit. However, I did notice the decreased volume since then, indicating investors may take a wait-and-see attitude against the backdrop of high inflation. Fed will definitely do...

JICPT Updated 

Hello everyone. It's a simple bullish setup mainly based on daily chart. Daily: flip + fib retracement + Rally-base-rally demand zone. 60m: confirmation & trading timeframe with trigger that the downtrend line in red needs to be violated.

JICPT Updated 

Hello everyone. Crude oil has been really volatile since Feb mainly due to the supply issues. Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice. From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move...