Long

Nikkei: Appears to have bottomed for now

Updated

We can enter longs here (or in AUDJPY, like I reccomended to my clients), risking a small drop below low volume support). Risking 0.5% potential upside makes this trade worth it.
The weight of evidence suggests the BOJ will help us make some decent progress on this position soon.

Cheers,

Ivan Labrie.

Note

It went a bit lower than expected before the close. The US session makes me think we'll get a nice long above today's high, with stop under today's low.

Trade closed: stop reached

We have to wait for oil to stabilize, then take a new daily high as the entry.

Note

Shame we didn't retry this one.

Note

We're at the target zone here, but it can go way higher if we break above this range.

IvanLabrie

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