The JPN225 is still in a downtrend as per the Daily Trend line.
This trend line is now providing resistance for this pair from rising.
There is also a pattern to sell this pair on a smaller timeframe.
The stop loss is above the previous high of 31450.
Target will be around 30500 which will be awesome risk to reward.
NIK225 - 24h expiry
Short term momentum is bullish.
There is no indication that the rally is coming to an end.
32240 has been pivotal.
A break of the recent high at 32240 should result in a further move higher.
The primary trend remains bullish.
We look to Buy a break of 32266 (stop at 32086)
Our profit targets will be 32716 and 32816
Resistance: 32240...
NIK225 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Weekly pivot is at 30753.
Further upside is expected although we prefer to buy into dips close to the...
NIK225 - 24h expiry
We are trading at oversold extremes.
A higher correction is expected.
This is positive for sentiment and the uptrend has potential to return.
The 50% Fibonacci retracement is located at 30124 from 28893 to 31355.
Further upside is expected although we prefer to buy into dips close to the 30125 level.
We look to Buy at 30125 (stop at...
NIK225 - 24h expiry
Selling pressure from 29249 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
The trend of higher lows is located at 28562.
Preferred trade is to buy on dips.
We look to Buy at 28805 (stop at 28665)
Our...
Possible head and shoulders pattern!!!!
Note: in 4h frame the price reach the tip of uptrend channel, with nice rejection and went down! This H&S can give the continuation down!
Remember: wait for confirmations..
Price is approaching a nice demand zone that printed an institutional bullish engulfing after breaking a previous ranging zone creating the next level of structure. Seeking a long position for 500+pips or 5,000+points to complete head and shoulder pattern from Daily demand zone as the market will likely correct the heavy imbalance from the bearish activity...
NIK225 - 24h expiry - We look to Buy at 27855 (stop at 27635)
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to buy into dips close...
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...
The Japanese index is ending a Bearish ABCD Harmonic pattern with a divergence on the RSI. It should be shorted to the levels highlighted on the right.
The JAPAN225 (Nikkei index) is close to a significant resistance area, the possibility of a reversal or a change in the direction of the uptrend to a downtrend will increase. This is because a resistance area is a price level that has been tested before and successfully prevented the price from rising, so there is a possibility that this level will once again act...
NIK225 - 24h expiry - We look to Sell at 27310 (stop at 27425)
Previous support level of 27266 broken.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
Short term bias has turned negative.
A higher correction is expected.
We therefore, prefer to fade into the rally...
NIK225 - 24h expiry - We look to Sell at 27690 (stop at 27802)
Buying pressure from 27266 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 27755.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment...
NIK225 - 24h expiry - We look to Buy at 27205 (stop at 27110)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the...
NIK225 - 24h expiry - We look to Buy at 25690 (stop at 25570)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
NIK225 - 20h expiry - We look to Sell at 28080 (stop at 28260)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the...
