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d.vezeris
Oct 4, 2014 6:52 AM

NIKKEI 225 4h (04.Oct.2014) Diagram Technical Analysis Training Long

Nikkei 225 index of Japanese listed sharesFXCM

Description

The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:

The JPN225 index has made a reaction from 15350 towards to Kijun Sen/EMA 200 and it breached them both.

So the first think in mind is that JPN225 is approaching KUMO with this V reaction.

We have no special candlestick pattern. MACD is bullish and RSI = 50 looking higher.

There is no special diagram pattern except this V reaction.

So we are bullish for KUMO first. Stop loss if it stabilizes (4h close) under EMA 200.
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