As a general request to the community, I'd really appreciate any feedback on my analysis. And if you take any action based on my analysis, I'd like to hear if it worked out for you, barring fundamentals that can turn it the other way
That being said, I posted yesterday a couple times I believe about the continuing uptrend for CHFJPY. Looking at the technicals, the general sentiment from 1min to 1M is a solid buy. A lot of CHFJPY traders are looking for it to drop anytime soon, myself included (I was convinced it would sell before. I still am looking out for it). But as it stands, I'd say go long, whether scalp or intraday.
At 6:47am AST, the ADX and DI signals are pretty low. the ADX and DI- are both below 20; the DI+ is at about 22. So, strong buy, but if you're planning on coming in, I'd wait a little for the ADX to pull back up. The SAR's remained solidly below the candles for a few hours now, potentially a sign that the uptrend is weakening a bit. Ichimoku is still confidently showing a continuation up. the market is still above the cloud (though it looks to me like it may be going sideways. can't confirm yet though) conversion is still above base (113.689 over 113.679).
If it were me, I'd personally come out with whatever profits from this trade now. I'd've been in it for a couple hours, so I'd be looking to head out.
Remember the US/China deal is today. So see how that could/would affect the yen. I'll have to. hopefully I'll get time today to
That being said, I posted yesterday a couple times I believe about the continuing uptrend for CHFJPY. Looking at the technicals, the general sentiment from 1min to 1M is a solid buy. A lot of CHFJPY traders are looking for it to drop anytime soon, myself included (I was convinced it would sell before. I still am looking out for it). But as it stands, I'd say go long, whether scalp or intraday.
At 6:47am AST, the ADX and DI signals are pretty low. the ADX and DI- are both below 20; the DI+ is at about 22. So, strong buy, but if you're planning on coming in, I'd wait a little for the ADX to pull back up. The SAR's remained solidly below the candles for a few hours now, potentially a sign that the uptrend is weakening a bit. Ichimoku is still confidently showing a continuation up. the market is still above the cloud (though it looks to me like it may be going sideways. can't confirm yet though) conversion is still above base (113.689 over 113.679).
If it were me, I'd personally come out with whatever profits from this trade now. I'd've been in it for a couple hours, so I'd be looking to head out.
Remember the US/China deal is today. So see how that could/would affect the yen. I'll have to. hopefully I'll get time today to