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Nikkei225trade

Sayonara YEN, Hello US$ - USDJPYThere are 4 attempts that the price action tried to breakout from the 618 FIB level but without much success. The 4th one (July 2017) hit the upper channel line and collapsed to 107.48 from the high of 114.44. Wow, that is a nice 6% profit or 700 plus pips. Now, pay attention the 5th attempt that it tries to break out from the 618 FIB level. 2 things to take note : 1) The price has breakout nicely from the upper channel, i.e. 112.73 level. 2) Weekly charts show the decrease in selling and buying has taken over (see the candles). It also shows a nice ABC pattern with the C pattern forming in process. It should hit 125.78 to align with the peak in June 2015. Of course, this is a tall order and may take many months to fulfil. The yen has to be weaken further to benefit the exporters of Japan and this is in line with what Mr Abe wants as well. Take a look at Nikkei 225, it has recently break out the psychological high of 21,000 (50% FIB level on the monthly chart)and now sits at 22681.40. There is a positive co-relation between this index and USDJPY if you do a comparison. I expect some profit taking on Nikkei 225 in the short term which means USDJPY is likely to be sold off in the short term. Watch 112.95 to 113.12 and monitor if it will rebound from this price zone. If it breaks 112.95 (support level or the cup and handle pattern), then it will goes further south towards 112.77 (50% FIB level). It is a buy for USDJPY but not now, watch the price action on lower time frame and let it tells you what action to take. Patience pays.
Long
by dchua1969
Short at 21470 target 21000 ahead of japan EclectionI short eh Nikkei who is in a very uprigh (vertical) wedge ahead of japan election buy the tumoir sell the news. also the 21500 not seen since years and was monthy resistance Overbougth sale as the dowkone and sp500 i think we are in a capitlisazion market or bubble is when the market price only the good news and nevermind of any bad news like he is waterproff to any bad news on geopolitical and also economy topic. and have 2gap to be filled around 21000 and 20850 short at 21470 target 21000 in 2 step with 2 opening position ,and will close the first position at my first target 21250 Stop loss 21660 RR 1/2.5
TVC:NI225Short
by corsicasia
Nikkei Stock Index (30/9/17) *Retest Of 20,600Nikkei Index is on it way to retest 20,600 level. Do not short, if you short you are simply taking too much unnecssary risk for now. The momentum of recent run up is just too strong/ Please make sure to us Price Action as your proper timing tool. I'm rather cautious bullish for now. I will update again, if there is any changes. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
OANDA:JP225USDLong
by SonicDeejay
Nikkei 225 End Game is NearWhat we are seeing is the 5th impulsive wave up from 2013 bull market. This 5th impulsive wave is further subdivided into another 5 wave. as labelled above. The last of the impulsive 5th wave is taking shape to be an ending diagonal. From the overall picture, wave 5 of the entire bull market from 2013, has failed to reach a higher point than the end of wave 3. (Which is around 20,950). In elliot wave principle, we call this a truncated 5th wave, whereby the forces to start a new trend is so strong, that wave 5 cannot reach the previous peak of wave 3. Expect things to turn very ugly when 19,900 handle breaks. Watch for it. It may be the start of a new bear market. I've taken a short position at 20,150, with SL above 20,400. (Please use forwards to short) There's no take profit target for now, as I'll wait to see if the bear market plays out. If so, we can probably ride this down for a couple of months. Below is the 5 wave Bull market EW chart (From 2013)
INDEX:NKYShort
by melvinljw
Japan225 - Bearish Trend Scenario Japan225 - Bearish Trend Scenario Japenese index Nikkei225 recently broke and retested an ascending triangle pattern on the daily chart suggesting more downside for this index and also big strength for jpy pairs according to their correlation. If you look at the weekly chart of japan225, you can see the trump rally has lost its momentum with multiple dojis/shooting stars indicating that the pending correction is coming very soon. Potential targets for retracements is the fib 50% and 61.8% level which is also in confluence with a structured weekly support. if this analysis play out we can see big strength in jpy pairs, I can see gbp/jpy hitting 130 and usd/jpy hitting 106 in the coming days/weeks.
FX:JPN225Short
by Sagefx