Simple short position taken on JP225 Wednesday. Full breakdown in recap, thoughts behind the trade, why I took it and also my review of the position afterwards.
Dear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to...
Nikkei (NI225) is about to test the 1D MA50 (blue trend-line) for the first time as a Resistance, following the bearish break-out on April 15, which was its first breach since November 02 2023. This is a very consistent behavioral pattern with both of the previous two corrections of the 2-year Channel Up pattern.
As you can see, reclaiming the 1D MA50 wasn't...
trend strongly bullish + bullish butterfly pattern + Strong RSI divergence + breakout of triple bottom's neckline followed with a pullback
PS never risk more than 2% of your capital per trade
JP225 is already heavily overbought at the current pricepoint and an imminent correction is in order.
NET buying has been fading..
4h lower highs has been spotted -- conveying weakening long momentum.
Expect some trim downs from this levels: 28400
TAYOR.
Short position on JP225 on Daily
As market structed a double top, broke support than on testing of the now resistance this week everyday the sticks are negative
Making me believe that we bout to see sell of
And all Indices and Spots look to be selling
you know what they say Takes long to climb up but goes down as if it went out of the window
JP225YJPY - 24h expiry
Price action looks to be forming a bottom.
Short term bias is mildly bullish.
Preferred trade is to buy on dips.
The hourly chart technicals suggests further upside before the downtrend returns.
Further upside is expected although we prefer to buy into dips close to the 37830 level.
We look to Buy at 37830 (stop at 37530)
Our profit...
Hello Everyone,
The daily support for JPN225 appears to be resilient, with the 1M PP serving as a reliable support level. All indicators point towards a long-term bullish outlook!
TradeWithTheTrend3344
Hello Everyone,
While JPN225 is presently at its daily low, there's a bullish long-term sentiment. The current emphasis is on maintaining a price position above the weekly Pivot Point.
TradeWithTheTrend3344
Hello everyone. i want share my idea about Nikkei index.
First i want introduce what is that index. Nikkei (Nikkei 225 stock average) is a price-weighted index which composed of Japan top 225 companies which traded on the Tokyo stock exchange.
This index was long time almost 2 years in bullish trend but Japan government decide to take care for yen and they are...
Hi,
There's been talk of intervention BUT..
I think there won't be any.. making the yen weaker, in turn will cause stock market index weak.
Watching for bearish for index and yen.
All the best
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
TVC:NI225 has been in bearish trend printing series of Lower Lows and Lower Highs. Currently, It has been retraced to premium fib 75% level where we can look for short opportunities. Will it continue it's bearish momentum ?
NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Our short term bias remains negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Weekly pivot is at 37771.
We look to Sell at 37805 (stop at 38125)...
The monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 39276.0 and the price is currently heading towards the weekly support at 35467.6. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the...
