Discover more from Advised Trader
Trade Idea: Japanese Yen Futures 6J
Probable 40 day peak and continuation down
Today looks to be the peak of the 40 day cycle and it can be expected to continue down in the days ahead with limited resistance.
Futures look weak all across the time frames.
Trigger will be on early AM (CST) volatility downwards, entering with a stop above premarket, and then watching for additional entries if stopped at breakeven, paying attention to sellers coming in.
Edit: thursday night April 27 1915 CST
In the image below, stop trigger and target are there, and I believe that peak is starting to be felt, lets see if it continues much further down. Keep the algos running on this one.
It almost got to target, but buyers came in and it went higher!
Its highly cyclical on the daily timeframe. Crazy volatility.
And check out Late last year :
please leave a like, thanks
Edit Apr 28 Friday 0830 CST
Market moved down into morning, and has moved down and has had the worst day in months so far. Very good timing.