Ice_

Trading setup on the Nikkei 225 #4

FX:JPN225   Nikkei 225 index of Japanese listed shares
After opening a long at the trendline break on 17233, I'm waiting for the resistance breakout to keep it open or for the rejection plus the trendline break to reverse it. If it respects the trendline, there's the possibility of adding up to the position and letting it ride until 17763 or 17979. My stops are positioned where I began the trade, so it's theorically risk free, I also know there's the possibility of a retracement before further upside, but the market sentiment overall is bearish, I can't risk catching a falling knive.
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