NIKKEI Long Trade Targets Await!NIKKEI Trade Details:
The Nikkei index on the hourly timeframe confirms a bullish setup, with a clear long entry signal as per the Risological swing trading indicator . The trend is gaining strength, and the chart suggests a potential move towards profit targets.
NIKKEI Key Levels:
Entry: 38304
Stop Loss (SL): 38004
Take Profit Targets:
TP1: 38674
TP2: 39273
TP3: 39873
TP4: 40243
NIKKEI Analysis:
The chart indicates a recovery with higher lows and sustained buying pressure. The Risological trendline confirm the bullish trend, and momentum indicators align with the upward trajectory. With calculated risk, this trade offers a solid reward ratio.
NIKKEI Outlook:
Monitor for momentum consistency to hit targets. Stay alert for profit-locking opportunities at each target level to maximize gains. Watch out for resistance near higher levels to secure returns effectively.
Nikkeilong
NIKKEI 225 INDEX: Breaks Out! TP1 Done – Higher Targets AwaitNIKKEI 225 INDEX Analysis:
The Nikkei Index shows promising bullish momentum on the 15-minute timeframe, with the first target (TP1) successfully reached using the Risological Swing Trading Indicator. This long trade setup suggests a potential continuation towards higher targets as buying pressure remains strong.
Key Trade Details:
Entry Level: 38,384.25
Target Levels:
TP1: 38,544.16 (Achieved ✅)
TP2: 38,802.91
TP3: 39,061.66
TP4: 39,221.57
Stop Loss: 38,254.88
Market Insight:
The Nikkei’s breakout reflects positive sentiment in the Japanese equity market, likely influenced by global economic factors and investor optimism. This upward movement aligns with a strengthening technical trend, supporting the possibility of reaching the remaining targets if the bullish momentum sustains.
Summary:
With TP1 already hit, traders eye the remaining targets. A tight stop loss below the recent breakout level offers protection while allowing for gains as the trade progresses towards TP2 and beyond.
Nikkei 225 Trade Idea for 20thDec2023 Super BullishNIKKEI 225 trade idea for 20/12/2023.
Major catalyst BOJ is out of the way now, Nikkei shows super bullish continuation from the monster move today. Text book bull flag break out just after the close to 500 points move after BoJ press conference. Price consolidated after that and shows another bull flag in the after hours trading.
Plan for 20/12/2023
Entry: Ideally pull back at the open at bull flag base -33353 or at 33227 - yesterday's VWAP
Targets: 33632, 33681, 33808 and 34030
Support: 33227,33096
Happy trading, feedback welcome to improve my analysis. Thanks for reading
Buy on dip at 50DMA in Nikkei Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities.
The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision.
The price action on the index is nicely bullish and seems to be heading toward previous highs of 33770.
East vs. West; The Nikkei will obliterate the Dow!!... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.)
This spread currently sits right at the Quarterly Pivot.
As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should take, especially if one finds oneself being forced to stay long equities - for some inexplicable reasons.
The Weekly;
SPX vs. NIKKEI225 SELL; Massive SHORT!!SHORT this spread endlessly!!
Here is the Weekly
The "math" bears this out, readily! NIKKEI225 has a 13%-15% advantage - including FX - over the SPX. This is by far the best Equities/Risk spread out there if one must be long equities. (... which one ought Not to want to do under any circumstance, at these levels! :-)
Here is the FX component - USDJPY
NIKKEI225 LONG; Best of the G10, long term.Currently the best outlook of the developed markets.
- As opposed to the DAX and US Equities, the former being an absolute dog, the later under a mass delusion price wise.
The DAX
E.g. If one must be long Equities, the proper spread would be LONG NIKKEI, CAC, SHORT Dow, DAX.
This spread has an annual 8%-10% advantage, including FX differentials, over any other G10 Equity Long!
Nikkei 225 index formed bullish Shark | A good long opportunityPriceline of Nikkei 225 index has formed a bullish shark and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 20094.62 to 20460.02
Sell between: 20779.31 to 21503.43
Regards,
Atif Akbar (moon333)
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.