Similar to other worldwide indices - there is a potential gartley buy pattern setting up right now on the Nikkei 225 index, if it rallies from here it could easily head to 18146 and beyond to 18800 and possibly back to 20428
Using an agressive stop loss in this case to maximise R;R and minimise risk, as the difference between my normal stop level and the proposed stop is minimal and if it broke the low of the pin bar I would not want to be long any longer
Using an agressive stop loss in this case to maximise R;R and minimise risk, as the difference between my normal stop level and the proposed stop is minimal and if it broke the low of the pin bar I would not want to be long any longer
Trade closed: stop reached:
-1R loss