We are in prolong sideway movement in Nikkei, It is a sure sign of extreme ranging. If you use Bollinger band which is not useful or rather a pretty useless one, it will show you sideways tight range too. It is making a small bullish higher high for now, but it doesn't really say of the extreme bullishness. Watch important levels such as 23100 or 23400 level....
I short eh Nikkei who is in a very uprigh (vertical) wedge ahead of japan election buy the tumoir sell the news. also the 21500 not seen since years and was monthy resistance Overbougth sale as the dowkone and sp500 i think we are in a capitlisazion market or bubble is when the market price only the good news and nevermind of any bad news like he is waterproff to...
Short JPN225 @ 20530; Tp @ 20120, SL your choice
Long Japan 225 @ 19,287.80; TP 19673.60, SL your choice
Looking to go short at H1 Supply which is also the top of the MIDAS Dispacement Curve fitted to first swing high.
Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
Short Tgt 19ooo - 1875o - 18ooo
Japan225 - Bearish Trend Scenario Japenese index Nikkei225 recently broke and retested an ascending triangle pattern on the daily chart suggesting more downside for this index and also big strength for jpy pairs according to their correlation. If you look at the weekly chart of japan225, you can see the trump rally has lost its momentum with multiple...
Nikkei breakout the channel and recently tested back and got rejected i expect a move to monthly support @ 18600-18700 It will push UsdJpy down to 108 Levels. good luck!
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
Watch the lines. Get ready to short as soon as it starts to break down. If it doesn't, wait for it bounce back up towards the black/light blue/green lines.
Here we got a Bat to look out for tonight, its against trend so we only go for target 1 to protect capital. RSI is on its way to over bought condition. Today we got a hit on the AUDCAD Bat, but got a target 2 winner in a Bat on GER30 index. Currently we are in a short position on a Cypher on USDCAD. And we just entered long on a Cypher on EURUSD so lets see what...
Japan 225 in the long term may be a good short which could show to be VERY profitable. Japan has been forming lower highs since 1991 which the next one I believe has just formed, as it did not break the last high. A doji has formed on the last potential lower high which shows indecision in the market after a bullish move since 08/2012. After the doji was formed...