$JPN225 long 225 is ranging, don't buy the top without stops., Better to wait for longs at lows for better RR.
Nikkei 225 JPN225 CFD
US30 ($DJIA) leading JPN225 ($NKY) by about 14 hoursThe blue line is the DJIA. Implies NKY ramp in 2 Dec Asian session, which in turn implies another JPY fade.
The Japanese DiamondThese formations are rare, can be quite confusing, and are prone to a lot of morphing. I believe this one is coming to an end soon. Even if it does not come to an end, a move of size is on the horizon. I am short bias from a risk reward standpoint. I view the break of 17700 as constructive and would be looking to go long the index. I will start covering the Nikkei a lot more going forward on the small time frame using this thread as the bigger picture theme.
JPN225:The Channel and the Bearish Butterfly PatternThe market is moving along the upward channel and the price has hit the up trendline.Meanwhile a bearish butterfly pattern is completing at about 17400 levels and coincidentally the D of the AB=CD pattern is also at this level.
So it is good to sell short at about 17410 levels when bearish candles appear.
SL:above 17576
TP1:the centerline of the channel-about 16980
TP2:the lower edge of the channel-about 16540
JPN225, Nikkei may be preparing a nice dropJPN225 arrives to a downtrend line valid since more than One year ago and now will decide where to go. A secure breakout would mean a road to the new multi-year maximums.
Nevertheless, in my opinion, we will see one more leg down, which can long several months from now, and after that a run to these maximums will continue.
I´m ready to short 17,500 zone, targeting 12,000 on a mid-long term, SL: 18,100
JPN225 Potential ShortPrice is at resistance level indicated by the converging of trendlines.
Looking at short if price break below 28th Oct low.
NIKKEI is super bullishwhether you like it or not, it's trend has changed. Stronger JPY is also supporting it.
MACD turning bullish, RSI trendline has broken. Let's go.
Nikkei: Appears to have bottomed for nowWe 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.
JPN225 ASCENDING TRIANGLE ON H4JPN225 developing an ascending triangle on h4 which could bring some buy opportunities.
Nikkei 225 Bearish DivergenceThe resistance levels which is marked on the 4H chart can be a good entry for a short trade. We have bearish divergence formed by MACD and RSI. Place a pending order below 16770 and stop above 16950. Profit target is Moving Average 100. On the daily chart price is near up Bollinger Band and it can be an additional confirmation for possible down movement.
JPN225 LONG TRADE IDEA ON H4My opinion on what JPN225 gonna do in the next weeks.My reasons for this idea are on the chart, trade safe and good luck!
