EvanJones
Long

NIKKEL ready for a slight rebound

FX:JPN225   Nikkei 225 index of Japanese listed shares
22 0 0
As you can see we have a nice number of touches to the lower trendline and this gives me confidence that this will act as a support line for price to retrace upwards within the channel.

A good setup is to wait for the indicies markets to open next week (depending on your brokers trading hours) and place a small trade long setup with stop below the lower trendline . The midpoint in the channel is a good profit target and coincides with some resistance.
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