Japan recently officially announced a recession and then the BoJ raised interest rates for the first time in 17 years. Which, of course, means Nikkei makes a new high for the first time in 30 yrs. Because nothing is ever allowed to make any sense. But maybe this is a massive crab pattern... Which would make this a massive high. Could be a larger...
- The Japanese benchmarks has been registering higher highs and lows since 2023, the long-term trend is therefore bullish. - Since the bullish breakout of the flag pattern, prices have accelerated to a new all-time high at 40,470pts. Since then, the market pulled-back over 38,525pts, mostly driven by profit taking following a sharp rally, as well as anticipation...
ello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. simple as that as mentioned in title. :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate...
J225 Bearish idea, price change structure as per 30M bullish to bearish, our entry at current market price, stop loss and target price are mentioned on chart.
J225 Bullish idea, trend shift from bearish to bullish, our entry is at current market price, stop loss and target price is mentioned on chart.
JPN225 is on its all time high It has broken previoues 4H low and might go lower to the highlighted region
Looking to long the Nikkei from 38750. Indices are pushing strong at the moment across the board, and there is no reason yet to be bearish until a drastic shift in structure or in the fundamental outlook globally. Stop Loss on this position will be: 250 points to cover the H12 50MA Looking to take profits above the high for continued strength. Confluences: ...
Previous long area did not the support the JPN225 therefore interest is now aligned to the next area of long interest in the JPN225. COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement. Confluences for this area of interest to long: Big 23.6% fibo Retest...
After studying JPN chart for good amount of time, I came to conclusion that the price will go up in the next few days then, there's a high probability of reversal. After going up steadily for two months, the price has broken the structure and made L, LL and LH in all major TFs. The RSI showing a strong reversal divergence in M, and W and interestingly, bullish...
Reason: Market structure bullish Fair value gap (2h timeframe) break of structure COT have been buying it long last week which tells us that bullish momentum will most likely continue
1. 4hr bearish ob 2. Imbalance below 3. 4hr SSL 4. 1hr SSL 5. 30min SSL Looking for sells, but may want to tap into my 30min OB before taking that 30min SSL below.
Reason: Break of structure Market structure = Bullish Fair value gap
It appears that there is a bearish divergence present. This suggests that we can enter a short position, with a stop loss above the high, and aim for the recent low.
just posting so i can come back and check in a few months. nikki go up before it can go down. target 38-39k, then back down to support.
FOREXCOM:JP225 is aiming for 42k+. Bullish flag formation, close to breakout!
1. Descending channel 2 Overall buy 3. FSL 1hr 4. 15min Bullish Breaker OB That 15min Breaker OB was tapped into twice and not only that a descending channel was spotted and most of all overall uptrend shown. This trade was very clean trade.