Nikkei 255 short on marks, RSI overbought.
i Short the nikkei after he Breakout his 2015 high he just for a technical pullback at the breakout level so at 20905 Enter at 21205 Target at 20900 Gains 300 pips
It seem like Nikkei has no stopping force at the moment and we are still seeing Bullish candle with momentum. It should stays on its bullish course toward 21,000 as long as 20,700 region holds. The only thing for the bull to watch out is the thinning of volume for the past 5 days. It shows the sell down can be around the corner too. Trade Safe, s0nic
Nikkei is is subdivided 5 wave and could reach the top.
This index has one tough nut to crack. 20,000 level will be the imporant one. But once it is cleared, it can be easily to to 20750 region. I am expecting it will happen,. I am standing with BULL for now,. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies...
In Nikkei, the signs are pointing downwards. There are several signals that indicate falling prices in the Nikkei. On the one hand, the repeatedly tested resistance could not be overcome and on the other hand, the CCI also issued a sales signal. As a stop loss, the 19,800 is quite good and as a take profit 19,300 is a good choice. This results in an excellent...
The world stock market is in dilemma and it is not due to any economic data. It is due to the geopolitical events. The japan stock market is one of the most affected market due to the saga. I am still seeing the weakness of it and it will use 18,900 as a very good support. SO, it can go to 18,900 easily for now and we have to see how strong it behave as the...
Apparently Nikki index has a lot of downward pressure from here. It is kinda early to enter but if it becomes obvious, it is considered too late as well. It may be hard to break down 19,2350 level strongly first and it is very likely. TP1. a nice swing area. TP2. a nice congestion area where bull will fight back. Trade Safe, s0nic Disclaimer : This...
First we short down to the Complete Pattern, then we enter a Long trade. we enter at the Green Line with a stop Loss at the red line, and Pink lines as our Targets. Close 50% of your position at Target 1, and Move Stop loss to break even. then let it hit the Second TP. Any questions feel free to Message me.
Pink Lines are our targets, Take 25% at the first pink line, and then close all or leave open if you choose at the second pink line, Nikkei going to break the short term trend line.
Good short term retracement trade. Not a super strong resistance, but should work. Weakening of JPY will lead to upward move, after settling of political issues in US.
Description within chart markup. Slight bullish movements with overall outlook of bearish.