GrantShuttleworth

Price looks like its creating a range

FX:JPN225   Nikkei 225 Index
40 3 4
Reason
1. Quiet week ahead

I will wait for price to break this range before taking a position. There have been 3 attempts at resistance which leads me to think that players need liquidity and will go hunting within this range
Hi, Long looks very appealing. But as i am newbie. I do not know. It did break 18100 yesterday and retraced back to 18000 again. Are we still waiting for breaking out of the range?
Reply
@indkitty, Price has broken above the range now so we look for longs. I will wait for a pullback to about 18100 before aiming for my target level. The pullback to 1800 was just the market searching for liquidity to go long...think of it like a bear trap.
Reply
indkitty GrantShuttleworth
@GrantShuttleworth, Thanks for the info. Now it has crossed 18200 and hovering around 18100 and 18200. Once again thanks for the tip.
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out