BOJ is exporting deflation to the rest of the world and has also lifted all global stocks as BOJ has said it will be buying global stocks and bonds. It looks like the 33 plus year bear market in the NIkkei may be coming to an end.
This is a text book pattern from our last post. We are short and looking for targets below. We are now in a risk free trade. REMEMBER...trading is about controlling risk and following bigger targets. DON'T over complicate things. If you are short...congrats!
It was hard to catch this pattern, the B point is not clear to the eye. Last bat pattern was a looser. Hope this one works out :)
SELLING THE RECOVERY SEEN ON THE DAILY CHART. MAIN TREND IS DOWN SMALL STOPS AND HIGHER TARGETS. Regards, SP CapitalTA
I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com
As usual, the risk reward ratio is always amazing with the Bats.
GC is on the top of our watch list..if we can get price below the 1220 area we will start getting short. If the triple bottom breaks then we could see a very , very nice flush! WE DO NOT PREDICT THE SIZE OF MOVE...however, this is setting up nicely. Stay tuned.
The E6 is setting up nicely for us and we are looking to get short on the nice bear flag. The recent lows should be tested. IF so we look for profits below at #1 and #2.
Big Cypher @ AUDUSD. Keep in mind that, most likely this trade will go over the weekend unless something strange happens.
Stay short EurGbp or, if you prefear, long GBP! Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney. At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis)...
We got a missive win on this pair yesterday. Now, we have a big nice bat.
Two advanced patterns completes within 4 pips from each other.
A small cypher on AUDUSD. It reversed quickly towards targets but didn't reach them yet.