Nikkei: Update
Correction started, as expected.
We now have a bearish target in sight: 19184 by April 27th.
This level and date will be a potential retracement area, or reversal, depending on how price action evolves.
Considering the scale of the uptrend, I don't think this correction will end there, but we'll see.
Better expand as we move forward.
I am short GBPJPY, and monitoring SPX, EURJPY, AUDJPY and USDJPY for important clues about this large development.
Will post updates here.
We now have a bearish target in sight: 19184 by April 27th.
This level and date will be a potential retracement area, or reversal, depending on how price action evolves.
Considering the scale of the uptrend, I don't think this correction will end there, but we'll see.
Better expand as we move forward.
I am short GBPJPY, and monitoring SPX, EURJPY, AUDJPY and USDJPY for important clues about this large development.
Will post updates here.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.