On the lower timeframe we are anticipating the index to create new lows by breaching the 26000 levels then retrace before completing the bearish slide to the unmitigated demand sitting at 23000-24000 levels. By the same measure we will see the same pattern imprinting itself on cross Yen pairs. We intend to place our sell orders once we see a break of structure and...
NIK225 - 24h expiry - We look to Buy at 27430 (stop at 27235) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for sentiment and the uptrend has potential to...
On the monthly timeframe, began 2022 wicking off 38,2 and ever since have just consolidated Very similar looking to all prior long term corrections; back during all the hoopla we saw price flirt with 2,618 expansion level, never quite breaking above it If this March 2023 candle closes above the 20ma, it would lead me to believe the bulls are about to have their...
If the price reaches the specified area, you can enter the trade in a smaller time frame (5 minutes or 15 minutes) by getting confirmation. ♦️Please note that none of the analysis is a trading or investment proposal and the trader is responsible for accepting or not accepting these analyzes for his own personal trading.
The Japanese index is ending a Bearish ABCD Harmonic pattern with a divergence on the RSI. It should be shorted to the levels highlighted on the right.
A short opportunity seems to be arising, as JPN225 touches its resistance at 28420 and formed a regular bearish divergence. Also as we can see on daily chart its perfectly following bullish path in a falling wedge. So this will be a short pullback and then we can open long positions again.
Cup and Handle formed on the Nikkei225 Cash. The price broke above the brim level showing buy side liquidity on the up. 7>21>200 RSI>50 to 70 Target 30,629 My concern is that the price broke above the brim with a large green candle. Now as a trader, I would wait for a bit of a pullback to the brim level as a retest getting in at a conservative level....
The JAPAN225 (Nikkei index) is close to a significant resistance area, the possibility of a reversal or a change in the direction of the uptrend to a downtrend will increase. This is because a resistance area is a price level that has been tested before and successfully prevented the price from rising, so there is a possibility that this level will once again act...
NIK225 - 24h expiry - We look to Sell at 27700 (stop at 27850) 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...
NIK225 - 24h expiry - We look to Buy at 27280 (stop at 27140) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. 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...
NIK225 - 24h expiry - We look to Sell at 27545 (stop at 27635) We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today....
Disrepancy between EURJPY and Nikkei at an all time high, Japan 10yrs in positive yield undoing the carry trade, and a de ja vue of Dec 31 / 22 back on the cards ... Plus the safe haven play.
Looking at the H4 chart, my overall bias for NIKKEI22 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 27419.15, where the overlap resistance is. Stop loss will be at 27844.15, where the recent high is. Take profit will be at 26517.50 where the overlap support is. Please be advised...
NIK225 - 24h expiry - We look to Sell at 27310 (stop at 27425) Previous support level of 27266 broken. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Short term bias has turned negative. A higher correction is expected. We therefore, prefer to fade into the rally...
🚀🚀🚀 The JPY225 index is on the move! 🚀🚀🚀 After dropping from 27,374, the index is approaching a major support zone at 24,700. This drop comes following the decision of the new governor of the Bank of Japan, Kazuo Ueda, and it could be a major opportunity for traders. This move also lines up perfectly with our channel trading within support and resistance, so...
NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135) Selling pressure from 27741 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27266. Preferred trade is to buy on dips. Our profit...