Nikkei looks to be heading for the new yearly High if they brake the 22300 resistance,But with Toyota leading the charts with positive perfomance and Soft Bank,Mutsubishi,Sony,Honda,Amongst other indexes doing well in the 225.,It looks to Buy on a long term,with the right spot being on this consolidation we on for entry,also offering a sweet stop loss spot below...
Nasdaq looks to be wanting to break the Highs as the trade deals where reached.Wait for Nas to reach the 7800 zone and buy till it makes a new High or alternatively reverses at the 8000 zone.Use proper risk management for this trade,
BTCUSD looks to be strengthening as it has formed a strong reversal pattern towards a buy.Lets see how it runs.Stop loss will be higher since it was not caught as a sniper trade fortuneteller. Trail stop profits once in profit as the risk averse on this trade is a bit unappetizing,BTC lovers might look into taking this trade,also confirm with your analysis
EURCAD looking to be retesting the low on the daily time frame,wait for reversal pin bar at the low for conformation of a buy.
Use proper risk management as trading entails risk.
Scalpers can also take a continuation short for a few days to the low retest,not advised though,as the market tend to react when it is at a turning point
We have The chunnel trading on a consolidation since today's session started,an ideal place to start placing orders and wait to see if it will push the beginning of a Downtrend during NFP.
All the best traders.
Possible sell opportunity to the downside on the Daily time-frame,We have previous high rejections ending with pins,and the market shooting to down,only to come back afew days back ro retest the previous higher low,after making a new Low on the current cycle,