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PRO_Indicators
Jan 9, 2018 11:43 AM

NIKKEI / W1 - H1 : Very nice resistant cluster to trade. Short

Nikkei 225 index of Japanese listed sharesFXCM

Description

We're now reaching the possible end of the weekly bullish trend and could top up near the heavy cluster of fibo targets.
The "short term" (H1) setup tends to show signs of weakness as well and could validate a massive taking profit reactions from investors (moreover if the yen tends to strenghen which I also expect)
I ploted the expected wave projection on the H1 chart and the target zone in which I'll be searching for short entries to trade the weekly reversal.

Hope this idea will inspire some of you !
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Kindly,
Phil
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