JAPAN225CFD trade ideas
NIKKEI225 going longTVC:NI225 is in a descending channel, but in a bigger timeframe it looks like a bullish flag to me. Besides that, it hit key Fibonacci levels rebounded from there. I am bullish until above 30000.
The fundamentals are still bullish for me as the opening-up party just begun. However expect wild swings, as the speculators tried to "price-in" the opening up with leveraged positions, so both long and short squeezes are ahead of us, so try this idea with small positions.
NI225 Market ProjectionsG'day Guys
Nikkei been moving up and down since Feb 2021.
Am expecting this month movement will be bearish to complete the movement cycles and high probability bouncing on the Demand zone.
Which is showing the Support level strong. This indicate they progressive recovering to pre-covid environment.
Let's see what happen next. Remember, Nikkei Movement relatively effect JPY currency.
Thank you.