NIKKEI: UPDATE
ที่อัปเดต:
In my previous idea I located the key levels on chart, and was biased towards a short.
Recently, it started being obvious that the Yen was weakening, so I decided to go long GBPJPY.
I still think the dollar will remain weak for the rest of the year, possibly until June 2016, nothing has changed, but the
Nikkei is implying that it will rally asap. Tim West's recent publication clearly depicts how the stage was set up for a rally, so I'll limit myself to expand the analysis with a few more details of interest that are worth noting. I include the ichimoku indicator on chart, because it's a very highly regarded tool among japanese traders, and many pro traders as well.
It's good to contrast our own analysis with other tools from time to time.
The weekly time at mode downtrend target has been exceeded, and now, time has expired. This implies the Nikkei has a low probability of retesting the mode from where the downtrend launched, at the 20385 mark, in 9 weeks or less.
The daily chart is giving confirmation of a bullish time at mode trend signal today, which aims for the top of the kumo resistance. Interestingly enough, the lagging line, which is part of the ichimoku suite, sits above price, 26 bars back from today. This implies that it's possible for price to cross the cloud resistance and meet with the mode above, or beyond.
Good luck if going long, keep in mind rgmov is in a downtrend in the daily, so I'd still would look into fading the target hit, or the resistances above, or even short under the highest daily low after overbought spikes.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
Recently, it started being obvious that the Yen was weakening, so I decided to go long GBPJPY.
I still think the dollar will remain weak for the rest of the year, possibly until June 2016, nothing has changed, but the
Nikkei is implying that it will rally asap. Tim West's recent publication clearly depicts how the stage was set up for a rally, so I'll limit myself to expand the analysis with a few more details of interest that are worth noting. I include the ichimoku indicator on chart, because it's a very highly regarded tool among japanese traders, and many pro traders as well.
It's good to contrast our own analysis with other tools from time to time.
The weekly time at mode downtrend target has been exceeded, and now, time has expired. This implies the Nikkei has a low probability of retesting the mode from where the downtrend launched, at the 20385 mark, in 9 weeks or less.
The daily chart is giving confirmation of a bullish time at mode trend signal today, which aims for the top of the kumo resistance. Interestingly enough, the lagging line, which is part of the ichimoku suite, sits above price, 26 bars back from today. This implies that it's possible for price to cross the cloud resistance and meet with the mode above, or beyond.
Good luck if going long, keep in mind rgmov is in a downtrend in the daily, so I'd still would look into fading the target hit, or the resistances above, or even short under the highest daily low after overbought spikes.
If you want live updates and more information, make sure to follow me at collective2, where I provide signals for auto trading and via email for a monthly fee.
I'm also providing access to a live trading chatroom free of charge for concordbay.com customers, contact me via skype for more details.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
บันทึกช่วยจำ
Market entry and range expansion entry working.2nd 75% fib entry didn't get a fill.
บันทึกช่วยจำ
Partial close on first target, main position running.บันทึกช่วยจำ
Chugging along nicely.ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Partial close on target hit is ok but it can travel higher.บันทึกช่วยจำ
Monitoring, at resistance now, one bar left for the uptrend.บันทึกช่วยจำ
Time expires today, expect a reaction to the downside.บันทึกช่วยจำ
Fantastic advance!
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน