It appears that there is a bearish divergence present. This suggests that we can enter a short position, with a stop loss above the high, and aim for the recent low.
1. Descending channel
2 Overall buy
3. FSL 1hr
4. 15min Bullish Breaker OB
That 15min Breaker OB was tapped into twice and not only that a descending channel was spotted and most of all overall uptrend shown. This trade was very clean trade.
NIK225 - 24h expiry
We are trading at overbought extremes.
A lower correction is expected.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 38910 level.
We...
On Friday, the rising sun market surpassed a significant milestone at 38,957.44 points, surpassing the 1989 trading level , just before the so-called "Lost Decade". During the period from 1991 to 2001, Japan experienced economic stagnation and price deflation, from which it emerged, albeit at a slower pace compared to other industrialized nations. In terms of...
The FX:JPN225 index is currently offering a modest discount following a nearly 10% return to investors in February, raising the question of its investability. A key metric to watch is the Topix Bank Index TSE:TOPIXB , which gauges the health of the financial sector. Despite today's slight decline of 0.50% in the FX:JPN225 , Japanese banks continue to perform...
Time to looks to Short or look for shorts in Nikkie index/jap225.
Price has finished the price cycle now I'm waiting for bearish divergence on daily rsi to start shorting ofc all after LTF price action confirmation
Japanese equities ended 2023 on a high note. Japan’s post pandemic re-opening, accommodative monetary stance, high equity risk premiums and improving corporate governance reforms were important tailwinds for Japanese equities in 2023.
Over the last 12 months Japan has benefited from global investor inflows who are diversifying their investments in Asia, with...
I ended up taking small sells due to the 30min bearish ob that was constantly being tapped. I took my profits at a SSL that I spotted on the 5min. Isn't marked but price respected my bias.
15 Minute Chart with the Ichimoku Indicator overlay. I think it probable that these gaps will get filled during the Australian/Asian Sessions. My overall narrative is:
*Price will retrace into the Daily/Weekly imbalances.
*I have Alerts set at the Fair Value Gaps because I may trade the first Hour of the Asian Session.
