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Flashcrash

USDJPY in a complicated situation after flash crash of 3 august Hi pros! Price flash krash the 3 august due to multiple bearish signs in techical analysis like a bearish channel , bearish triangle, H&S, etc and there is bearish signs in fundamental analysis like apple falling because selling less phones now price just forms a big daily pinbar showing short term bullish momentum and close above a strong structure between 108.1 and 108.5 so there is a good long setup with target 112 and sl below the major support Then if price reach the major support, we can take profit and short with sl nearly the top of the last shoulder This is just a possible scenario, price can fall instantly too I don't know Trading plan: -2 or 3% MM -move sl to break even when 1:1 What is Flash Crash A flash crash is an event in electronic securities markets wherein the withdrawal of stock orders rapidly amplifies price declines. The result appears to be a rapid sell-off of securities that can happen over a few minutes, resulting in dramatic declines. A flash crash, like the one that occurred on May 6, 2010, is exacerbated as computer trading programs react to aberrations in the market, such as heavy selling in one or many securities, and automatically begin selling large volumes at an incredibly rapid pace to avoid losses. Flash crashes can trigger circuit breakers at major stock exchanges like the NYSE, which halt trading until buy and sell orders can be matched up evenly and trading can resume in an orderly fashion. Preventing Flash Crashes As securities trading has become a more heavily computerized industry driven by complicated algorithms across global networks, the propensity for glitches, errors and even flash crashes has risen. That said, global exchanges like the New York Stock Exchange, Nasdaq and the CME have put in place stronger security measures and mechanisms to prevent them and the staggering losses they can lead to. They cannot eliminate them altogether, but they have been able to mitigate the damages they can cause. src: www.investopedia.com
by jeanneymar011001
Safe Haven YEN Stuck in a Triangle After Flash Crash!Had the FED kept on raising the rates, this pair would have shot higher and higher, however the outlook for 2019 does not look good for the USD as the FED come under increasing pressure from the US president. Currently according to the projections of dot plot the FED plane to raise the rates 2 times this year, however this may not even happen due to many factors. The flash crash that happened a few days ago was triggered due to the risk aversion by the market players which left the USDJPY trapped in a triangle. The price may break to the either side and target the red line support and resistance as indicated in the charts. its advised to not make any move until the pair breaks the triangle on the weekly charts to either side. The fate of this pair is balanced on numerous things including the trade talks between china and the US. Should the talks go well and both parties can come to a stable agreement the pair would likely accelerate to the upside. On the flipside, if talks do not go good for both parties, expect this pair to break to the downside. depending on what happens then we can place a swing trade accordingly. If you wish to day trade, then its advisable for the flash crash to settle and form clear price action that can support claims based on technical analysis. at the moment on the daily charts and 4 hour chart the price action is forming but it is still not clear. the target to day trade would be based on the either side of the triangle trendline. It remains to be seen what will happen to this pair fundamentally in the coming days. shall there be any updates i will post them here
by FX618Analysis
USDJPY-Weekly Market Analysis-Jan19,Wk2On the Daily Chart, market breaks the sideways consolidation and break towards the downside. With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone. I need more confirmation to look for potential selling opportunity, just subscribe to us so you won't miss out. Some say out Trade Ideas Results in Oct 2018 is equivalent to most youtube traders 1 year net profit results. Well, I don't know about if 2,333pips of net profits in the month of Oct is good enough for my subscribers but their continuous support may just show that they are happy. forex100academy.com Seeing is believing, we are going LIVE on Facebook this Wednesday, 9 Jan 2019, 7pm-9pm(+8GMT), just follow us on Facebook to receive the online notification: www.facebook.com
Short
by RaynLim