FX:JPN225   Nikkei 225 index of Japanese listed shares
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When price closed above the Moving Average with period 100, it was a signal that down trend was over. Price bounced from Up Bollinger Band and it was a good opportunity to open Short trade, because we had reversal with RSI and MACD confirmation. Entry could be below 17195 with Stop order higher then 17780 and 2 Targets like 16550 and 15300 - it's Support Level . It was good and profitable trade. But what should we do if we did not open Short trade? Now, we have to wait for reversal signal and open only Long trades. If price reverses from Support Levels 15200 and 14800, we'll need confirmation from RSI and MACD . When we get it, it will be a signal for opening Long trades with Targets 16500 and 17900. Stop Loss should be placed below Support Levels. So, let's wait )
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