Here is a horse that may prove a good ride down South, if it agrees to make the journey. If the marked levels of previous support hold as resistance to the current retracement, then the marked trade may well be a good trade. Note also the Bearish Evening Start, the Hanging Man and the Bearish Doji all grouped up together on ...
Price does the same thing over and over again. Just our understanding of this over and over again thing helps us to be better traders. Here is an index that rocks hundreds of pips with each day that comes and can be a joy to trade as it moves in all sessions (European, USA and Asian sessions). It moves. If the previous ...
Very rarely do you open a chart and find an entry right away. Good trades have to set up so as to allow as many traders to get on board before the train leaves. This means WAITING is the name of the game in this game of trading the financial markets. You have to WAIT for a trade to come to you rather than you going around ...
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 ...
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
The Nikkei 225 (JPN225), commonly referred to as "The Nikkei" is a Japanese stock market index based on the market capitalization of the top 225 companies traded on the Tokyo Stock Exchange (TSE). This is a price-weighted index based on the Yen, and the value has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since the Index's inception in 1950. The Nikkei 225 index got its start on September 7, 1950 and was retroactively calculated back to May 16, 1949. Nikkei 225 Futures Contracts got their start on the Singapore Exchange (SGX) in 1986 and then began trading in the United States when they debuted on the Chicago Mercantile Exchange (CME) in 1990. The Nikkei is the most widely quoted index when referring to Japanese equities, followed by the Topix which seeks to track all 1,669 companies listed on the first section of the Tokyo Stock Exchange (TSE).
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