I was asked to analyze this pair. I did not touch on the analysis of the smaller time interval, as there are a lot of complex corrections. It will take a lot of time. But I see the future of this pair. We have completed a zigzag correction in the framework of the 4th subwave. We see the opposite bullish divergence. At the same time, we are in the momentum of a...
NIKKEI IT’S ON A REVERSAL PATTERN TO CHANGE ITS DIRECTION. WATCH STRONG PRICE ACTION AT THE BOTTOM OF THE PATTERN FOR BUY. DON’T MISS THIS TRADE. IF YOU LIKE MY TRADING IDEAS, GIVE ME A LIKE AND SUBSCRIBE.
Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement,...
This is an idea I'm playing with for this year... bullish Nikkei 225 :)
After breaking downward from a descending triangle, JP225USD rallied with all the other global equities. It has shown some resistance at $19,900 which was a former support. If it breaks down, JPYUSD and XAUUSD should rise. Conversely, If it breaks up, JPYUSD and XAUUSD should fall. I will watch the Japanese open and decide whether to go long or short on these trades.
MIDAS Top Finder accurately predicted the TOP in the accelerated trend. Pullback to S1 is now very likely. Visit MQL5.com if you want you buy MIDAS Trading Tools for MT4.
Looking to go short at H1 Supply which is also the top of the MIDAS Dispacement Curve fitted to first swing high.
The longer time frame III wave is coming to an end. I am expecting a season long correction starting early July
A nice breakout occurred. Expect an eventual pullback but be ready to short :) !