Simple short position taken on JP225 Wednesday. Full breakdown in recap, thoughts behind the trade, why I took it and also my review of the position afterwards.
NIK225 - 20h expiry - We look to Sell at 28080 (stop at 28260) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
Due to the lower ceilings and floors can be sold in the designated area
JP225USD has reached a calculated selling zone with high possibility of dropping, therefore we can start looking for sell and possibly hit a target of 5% drop.
Dear fellas, I've been following JP225USD for a while and it has just bounced off strong resistance around 28350 and it has formed a very clear H&S pattern. This is a high probability trade with a small risk. SL should ideally be above Head (28500). Target: 26760 SL: 28550 Good Luck and trade safe!
Bullflag within a rising wedge The bull trend is strong The rising wedge has already broken down and price has climbed back into wedge Risky buy Let me know your thoughts on the short term nature of the chart in the comments.
If the hourly candle closes below the 200 Ma then go for sell
I outline why on this 2H time frame the greater probability for the Nikkei is for the south. How far south is another issue. No predictions - as usual.
Nikkei is approaching our first resistance at 22497.5 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 21414.8 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance and...