Short JPN225 @ 20530; Tp @ 20120, SL your choice
Nikkei Index is on it way to retest 20,600 level. Do not short, if you short you are simply taking too much unnecssary risk for now. The momentum of recent run up is just too strong/ Please make sure to us Price Action as your proper timing tool. I'm rather cautious bullish for now. I will update again, if there is any changes. Trade Safe, s0nic...
i short the nikkei short time..-2-3 days rr only 2:1
Long Nikkei 225 @ 19,300; TP 19,683, SL your choice
What we are seeing is the 5th impulsive wave up from 2013 bull market. This 5th impulsive wave is further subdivided into another 5 wave. as labelled above. The last of the impulsive 5th wave is taking shape to be an ending diagonal. From the overall picture, wave 5 of the entire bull market from 2013, has failed to reach a higher point than the end of wave...
Good short term retracement trade. Not a super strong resistance, but should work. Weakening of JPY will lead to upward move, after settling of political issues in US.
Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
Japan225 - Bearish Trend Scenario Japenese index Nikkei225 recently broke and retested an ascending triangle pattern on the daily chart suggesting more downside for this index and also big strength for jpy pairs according to their correlation. If you look at the weekly chart of japan225, you can see the trump rally has lost its momentum with multiple...
A double bottom is a charting pattern used in technical analysis. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
if the market test the 21000 area and break the uptrend, it will opotentiall go all the way baack to 15000 area. Alterantively, a very bulish break of the resisitance could potentialy go to the 25000 area
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron