morrisgitau

JP225USD SHORT

Short
OANDA:JP225USD   Japan 225
On the lower timeframe we are anticipating the index to create new lows by breaching the 26000 levels then retrace before completing the bearish slide to the unmitigated demand sitting at 23000-24000 levels. By the same measure we will see the same pattern imprinting itself on cross Yen pairs. We intend to place our sell orders once we see a break of structure and a retracement at the 28000 levels and take profit at 23300 levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.