A small bounce on JPN225

FX:JPN225   Nikkei 225 Index
A nice channel has formed with a few touch points giving me confidence that this channel will act as S/R. The daily and weekly pivot has not yet been hit and I suspect that price will retrace slightly on the following conditions:

1.) End of month = profit taking and so price may decline
2.) The monthly pivot has not been hit nor has price retrace significantly towards this area
3.) Stochastic is bearish on 1HR/2HR and still overbrought on higher timeframes


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out