Nikkei 225 Index (JPN225) Short Trade Explained for FX:JPN225 by VasilyTrader — TradingView

Trend Analysis Chart Patterns Technical Indicators signals indexes Nikkei 225 CFD Nikkei 225 JPN225 CFD futures Stocks fundamental-analysis Technical Analysis

trendanalysis chartpattern indicator signals indexes ni225 jpn225 futures stocks fundamental-analysis technicalanalysis

snapshot

Short trade went active on Nikkei!

Reason:
the price reached a resistance line of a rising wedge pattern on daily
+ double top formation on 1H with a confirmed breakout of minor support.

I entered short based on retest (382 retracement of a small bull leg)

stop - 20585

t1 - 20050
t2 - 19770

risk: 1%

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