From the 20000 levels is a good shorting opportunity on Nikkei down to 19000 levels or perhaps below.
With a proper SL you can make good profit. Calculate the risk and manage your margin levels and you could make it.
Main items we can see on the Daily Chart:
a) Currently, the price is on a corrective formation (circle)
b) We can see an exact formation like the current one on the past
c) Also, it is important to say that both are happening in the same zone
d) If we take the previous one as a model of what can happen with the current one, we can expect a bearish...
Use this as a guide to develop your view.
Main items we can see on the 4HS chart:
a) The price made a huge bearish movement and now is making a correction
b) If we take a look into the past, we can see a similar situation (circles)
c) Currently the price is on the same resistance zona that in the past where the new bearish motive wave started
d) We...
Hi Traders !
This monthly chart analysis shows that the NI225 is on a downtrend. However, since March 2009, the trend kept on a bullish trail, starting from 7021, and reached its highest level since april 2000, e.i. 20946.
After a correction that lasted 10 months, it reached its peak of 24448 on Nov 2018.
The year of 2019 was strongly bullish. By the start of...
Despite a drop in the Nikkei 225, Japan’s stock index, the Japanese Yen has seen 3 straight days of gains now against the US Dollar. In contrast, the Nikkei dropped back below 18,000 points, a one week low.
Traditionally a very stable currency pair due to both currencies being strong safe havens, USD/JPY was steadily rising in the months leading up to March....
The Nikkei 225, or Japanese Stock Index had an 8% gain for the day, following on from its 7% gain from the previous day. Less than a week ago the Nikkei had just hit lows not seen since 2017, falling below 20,000 points. However in just 2 days it has made back its losses and is now rapidly on the rebound back to the 20,000 mark.
As well as this, other Asian...
First off is the Nikkei 225. We had a break out earlier today which also confirmed a head and shoulders bottoming pattern. The lower high and lower lows began to exhaust. We are now awaiting for our first higher low swing here to confirm this uptrend.
Second is the German Dax. We had our breakout, and are now approaching the major 10,000 level. From here, would...
Will it go up? Will it go down? It's anyone's guess really.
The fact that it closed below the trendline is something to keep in mind.
So, if it goes down, here are some key support levels.
Nikkei 225 (JP225), commonly known as Nikkei, is a stock index for the Tokyo Stock Exchange, the world’s third-largest stock exchange with a market capitalization of US$5.6 trillion.
As the leading index of Japanese stocks, Nikkei 225 (JP225) is a price-weighted stock index, equivalent to the American Dow Jones Industrial Average Index, comprising Japan’s most...
My analysis on the equity pairs are still intact from the previous week. Called the first swing, and we got it. Can we expect another swing to the downside?
Some interesting set ups are on the daily chart. These charts have broken on the daily and are now retesting. These include the Dow 30 (pictured above), the Russell 2000, and the Nikkei.
Some charts...
Hi guys the Nikkei is in a strong uptrend looking to buy the dips is a wise choice. Note we are in the midst of completing a diagonal so we're looking to break the top in the end. Exercise patience and risk management.
Thanks A Million Times
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Trade With Care
