Hey Guys,
Hope everybody is going fine. We have here a short daily outlook of the Asian index.
We are expecting Nikkei to drop to around 18368.02. From there we will expect higher Nikkei to eventually break above all time high and higher.
As we are expecting U.S. equities to drop at least one leg lower. We wouldn't like buying nikkei as of for right now. Asian and European indices are likely following the path of the U.S. equities. That's why be careful with long position for the midterm!
Hope that helps and always use a stop loss and never risk more than 0.5% per trade.
Cheers
Hope everybody is going fine. We have here a short daily outlook of the Asian index.
We are expecting Nikkei to drop to around 18368.02. From there we will expect higher Nikkei to eventually break above all time high and higher.
As we are expecting U.S. equities to drop at least one leg lower. We wouldn't like buying nikkei as of for right now. Asian and European indices are likely following the path of the U.S. equities. That's why be careful with long position for the midterm!
Hope that helps and always use a stop loss and never risk more than 0.5% per trade.
Cheers
Comment:
Our long trade is already huge in profit. If somebody took it too, then move your stop to break even and let it run.
Comment:
We are still holding it.
