JP225 / NIKKEI 225 Index Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist JP225 / NIKKEI 225 Index Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
JAPAN 225
Nikkei to break to the upside?NIK225 - 24h expiry
Price action looks to be forming a bottom. Posted a Bullish Hammer Bottom on the 4 hour chart.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 38857, which will confirm the bullish sentiment.
Short term bias is mildly bullish.
We look to Buy at 38857 (stop at 38357)
Our profit targets will be 40057 and 40357
Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Japan 225: Amid Bearish Momentum and Global UncertaintyThe Japan 225 index is currently trading below the FibCloud, signaling a potential downward trend. My target for this short trade is around the 35,500- 36,200price area, where I anticipate significant support based on historical price movements and Fib levels. For now, I’ll let the trade run, while closely monitoring price action near the 40,000 zone. It’s crucial that the price remains below this level for the short trade to remain valid. A recovery back above 40,000 could signal a reversal, and in such a case, I may reassess my strategy.
Technical Overview:
• Partials: 38,000- 37,000area.
• Stop Loss: Monitoring the 40,000 zone as a key level of resistance.
• Key Indicators: The FibCloud provides strong bearish signals, and the declining price action suggests continued selling pressure.
• Risk Management: I’ll adjust the stop-loss level accordingly if the market shows signs of recovery or increased volatility. Taking partials at key support levels to secure profit remains an essential part of this strategy.
Fundamental Overview:
• Asia-Pacific Market Sentiment: As noted in the news, Asia-Pacific markets are mixed with attention on China’s loan prime rate announcement and Japan’s general election at the end of the week. While China’s central bank cut the one- and five-year LPRs by 25 basis points, this has not done enough to boost confidence, especially with property stocks tumbling.
• Japan’s Economic Data: Japan’s exports fell by 1.7% in September compared to the same period last year, signaling a potential slowdown in trade. Additionally, the Nikkei closed marginally lower recently, indicating bearish market conditions.
• Global Outlook: Japan’s market might be impacted further by inflation figures and GDP data expected this week, adding volatility and making the short trade setup timely.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Nikkei continues to hold back the bears.NIK225 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for sentiment and the uptrend has potential to return.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 38870, resulting in improved risk/reward.
We look to Buy at 38870 (stop at 38550)
Our profit targets will be 39670 and 39820
Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NIKKEI to continue hold back the bulls?NIK225 - 24h expiry
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.
Previous resistance located at 40008.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 39998 (stop at 40551)
Our profit targets will be 38457 and 37705
Resistance: 42155 / 45325 / 46980
Support: 37705 / 36330 / 34955
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Update idea
JP225 / NIKKEI 225 Cash Index Market Money Heist PlanHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist JP225 / NIKKEI 225 Cash Index Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
JP225USD: Using Probabilities to Position for a Bearish TrendThe current global economic landscape presents several factors that align with a bearish bias for the Japanese stock market, particularly the Nikkei 225 index (JP225USD):
Global Economic Slowdown: Concerns about a potential recession in major economies are weighing on investor sentiment.
Bank of Japan Policy Shift: The recent rate hike by the Bank of Japan may impact the stock market as it moves away from ultra-loose monetary policy.
Yen Strength: A stronger yen could potentially hurt Japanese exporters, affecting their profitability and stock prices.
Utilizing Probabilities for Short Positioning
I'm employing probability-based analysis on my charts to identify optimal entry points for short positions.
By combining fundamental bearish factors with probability-based technical analysis, I aim to create a robust trading strategy for shorting JP225USD.
2W:
2H:
Japan225 Daily Short: Targeting Downside After 0.7 Fib Retraceme This trade is based on the daily chart of Japan225, where the price has recently retraced to the 0.7 Fibonacci level, presenting a potential opportunity for a downside move. The current market structure indicates a possible reversal from the recent highs, with a key resistance area marked by the red zone on the chart.
Key Levels:
• Entry: The trade is entered near the 0.7 Fib retracement level, capitalizing on the potential for a pullback.
• Target: The target is set at the lower green zone, aligning with a previous support level where buyers may re-enter the market.
• Stop-Loss: A stop-loss is placed above the recent high, as indicated by the upper red zone, to manage risk if the price continues to climb.
Rationale:
The Japan225 has shown a significant retracement up to the 0.7 Fibonacci level, which often acts as a strong resistance area. The daily timeframe provides a broader perspective, suggesting that the price may now face downward pressure. This setup seeks to capitalize on the expected reversal, aiming for a move lower in the upcoming sessions.
Risk Management:
With a clearly defined stop-loss and a favorable risk-to-reward ratio, this trade minimizes risk while allowing for substantial downside potential. As always, adjustments will be made based on market behavior.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
JPN225 to continue in the upward move?NIK225 - 24h expiry
The sequence for trading is higher highs and lows.
Our short term bias remains positive. The primary trend remains bullish.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
20 4hour EMA is at 38645.
We look to Buy at 38650 (stop at 38370)
Our profit targets will be 39350 and 39480
Resistance: 38880 / 39000 / 39171
Support: 38750 / 38463 / 38250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei to find buyers at market price?NIK225 - 24h expiry
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
Preferred trade is to buy on dips.
Dip buying offers good risk/reward.
20 4hour EMA is at 38333.
We look to Buy at 38340 (stop at 38030)
Our profit targets will be 39010 and 39190
Resistance: 38817 / 39000 / 39200
Support: 38500 / 38300 / 38000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
JP225 / NIKKEI INDEX 225 Money Heist Plan On Long SideMy Dear Robbers / Traders,
This is our master plan to Heist JAPAN 225 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low
Stop Loss : Recent Swing Low using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Continue To Monitor 5390 For Bulls and BearsWe are currently 1.5 trading days away from our original market top call, but this analysis will cover any new developments. Wave A appeared to have a good 5 wave structure with wave 3 having an extension. Wave B retraced 73% of wave A's movement quicker than expected. Wave C has most likely completed at least the first two waves and possibly as much as 4 waves. Wave 2 retraced around 64% of wave 1 and as wave 3 is currently marked, it extended 304% of wave 1. I have marked wave 3 based on my wave 3 indicator at the bottom. The shorter arrow pointing down depicts a wave 3 of 3 and the larger arrow depicts the end of a wave 3. The gap in the blue painted backgrounds at the bottom is the distinguishing feature of two separate wave 3s being signaled instead of just one wave 3. The retracement off of the signaled wave 3 was very quick although it was a 20% retracement and quite possibly the end of wave 4. If these four waves have concluded, wave 5 and the market could top as early as Friday.
I will walkthrough the levels on the far right first to determine a possible top. The furthest right values are retracements from the original market top from mid-July. If the index moves back to the all-time high, it would have retraced 100%. A common retracement could be between 38.2%-61.8%. The next column left of this is the movement extension of C from wave A which topped at 5336.20. Basically, wave C should finish somewhere above 5336.20 which the index has now surpassed and therefore is capable of topping at any time. The next leftmost column are movement extensions from wave 3's movement inside of wave C. Once again, we are already above wave 3's top (5333.70) and capable of ending at any time.
I try to find common levels among these three columns and monitor the index as it approaches. A 50% retracement of the macro wave 1 would occur at 5387.30, while an extension of wave A would of 123.6% is at 5393.31, coincides with a 138.2% extension of wave 3 at 5392.57. This very tight zone is certainly one to monitor for a top and it is not far away at the time of this analysis.
I try to make similar identifications in other symbols to get a better read of the S&P500 index. Japan is moving the same, although it is unclear if they have completed wave 3 of C yet.
They will most likely see more movement as their trading day gets in full swing during the overnight hours for North America. They may continue the momentum observed from America's Thursday session. Without marking their completed wave 3 with certainty, their area of commonality is between 37705-37782.
JP Morgan Chase makes things more interesting because it is not clear if we are still in macro wave 1 or macro wave 2. The case for macro wave 1 has it in a micro wave 3 of C albeit in wave 4 of macro wave 1 here:
If this holds true, the S&P 500 may not be in the correct place. If JPM is actually inline with the current wave structure as the index, waves 4 and 5 were very abbreviated based on the location of the wave 3 of 3 signals from early August. This alignment would slightly alter the retracement lines to the far right as seen here:
The area of commonality is around 211.30 which is almost too much of a movement over the next 1-2 days for this stock.
Amazon appears to fall inline with the theory of ending macro wave 2 soon.
It has a target area around 170.5-171.32 and another much higher at 175.52-176.35.
Based on the lack of obvious agreement, it is difficult to determine where the market is. I will continue to monitor the initial theory that the market topped in mid-July and has completed a five wave structure down and is about to finish a three wave structure up in the coming days. If the levels pointed out here are significantly surpassed, the market could continue upward to new all-time highs once again. Another downward reversal on or before Monday likely points to a new index low between 4100-4700 within the next month.
Long Japan 255 at 30677.3 using SMC conceptTrade Idea:
Long Japan 255 at 30677.3
Entry: 30677.3
Stop Loss (SL): 27869.0
Take Profit (TP): 41133.8
Dollar-Cost Averaging (DCA) Zone: 28625.0
Terminology Explained
Demand Zone: A price area where buying interest is expected to be strong, potentially causing the price to rise. In this trade, the demand zone at 30677.3 suggests an opportunity to enter a long position.
Smart Money Concept (SMC): A trading strategy that identifies the movements of institutional investors ("smart money") to make informed trading decisions. This concept is used to recognize the demand zone for the entry point.
Stop Loss (SL): A predetermined price level at which a trade will be closed to prevent further losses. For this trade, the SL is set at 27869.0.
Take Profit (TP): A predetermined price level at which a trade will be closed to secure profits. The TP for this trade is set at 41133.8.
Dollar-Cost Averaging (DCA) Zone: A strategy of buying an asset at multiple price points, rather than a single entry, to average out the cost basis. The DCA zone for this trade is set until 28625.0, meaning additional buying could occur if the price drops to this level. Please like Follow and Share to your friends.
A clear signal to sell NIKKEIThe JPN225 is still in a downtrend as per the Daily Trend line.
This trend line is now providing resistance for this pair from rising.
There is also a pattern to sell this pair on a smaller timeframe.
The stop loss is above the previous high of 31450.
Target will be around 30500 which will be awesome risk to reward.
JP225 to continue in a rally?NIK225 - 24h expiry
Short term momentum is bullish.
There is no indication that the rally is coming to an end.
32240 has been pivotal.
A break of the recent high at 32240 should result in a further move higher.
The primary trend remains bullish.
We look to Buy a break of 32266 (stop at 32086)
Our profit targets will be 32716 and 32816
Resistance: 32240 / 32400 / 32600
Support: 32150 / 31900 / 31750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei to find support at weekly pivot?NIK225 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Weekly pivot is at 30753.
Further upside is expected although we prefer to buy into dips close to the 30750 level.
We look to Buy at 30750 (stop at 30570)
Our profit targets will be 31190 and 31280
Resistance: 31410 / 32200 / 32610
Support: 30300 / 29710 / 29295
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
JP225 to see a lower correction?NIK225 - 24h expiry
We are trading at oversold extremes.
A higher correction is expected.
This is positive for sentiment and the uptrend has potential to return.
The 50% Fibonacci retracement is located at 30124 from 28893 to 31355.
Further upside is expected although we prefer to buy into dips close to the 30125 level.
We look to Buy at 30125 (stop at 29925)
Our profit targets will be 30625 and 30725
Resistance: 31410 / 32200 / 32610
Support: 30300 / 29710 / 29295
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei dips continue to attract buyers.NIK225 - 24h expiry
Selling pressure from 29249 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.
The trend of higher lows is located at 28562.
Preferred trade is to buy on dips.
We look to Buy at 28805 (stop at 28665)
Our profit targets will be 29155 and 29215
Resistance: 29295 / 29710 / 30300
Support: 28505 / 27880 / 27395
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.