Possible head and shoulders pattern!!!!
Note: in 4h frame the price reach the tip of uptrend channel, with nice rejection and went down! This H&S can give the continuation down!
Remember: wait for confirmations..
I have very idea for pair with JPY.
JPY bounce from support Line and ready to grow up
This is my favourite trading pair such as GBPJPY.
If you have idea, Leave comment below and give like this post.
Thank you
Nikkei has been on a strong 1D uptrend since the August rebound on the 20,115 1W Support and just recently 1D turned neutral (STOCHRSI = 53.869, ADX = 18.607, Highs/Lows = 0.0000) showing possible signs of exhaustion.
The 1D RSI is on a bearish channel, diverging from the price action and that could be a first sign of a short term trend change.
We have traced...
The index is approaching the 20,970 1W Support creating optimal conditions for a long term buy towards the 23,000 Resistance. Nikkei is on an uptrend since the December bottom (1M MACD = 405.550, RSI = 50.348) and only a breach of the 20,360 Support can distress that. The Golden Cross (MA50 over MA200) may come later to confirm that. We are long on NI225 with TP =...
