JP225 trade ideas
Trade idea NikkeiShort term bias sell...long term bias buy...price might be re-bounce at support line or orange box
Long Idea, Price retest best opportunity for a push to the upside. I'm thinking that if price pushes above fixed range than it might go the distance. So if it pushes past 23360 area, Im going to set a break even due to current market conditions. I'm taking 1st partial at 23420 150+ pips, where there was the highest volume was, might be an area of resistance still.
Nikkei 225 4HR Rising Wedge Nearly FormedWe can see a Rising Wedge forming on the Nikkei 225.
We are not ready to trade yet as we still need to wait for the break but we can get our basic trade plan together now.
Our take profit will be the approximate size of the pattern multiplied by its chances of actually reaching target.
So, a target of ~1633$ * 0.63 (63%) gives us an expected move of around 1028$ from the break point.
Our stoploss should be approximately at our previous swing high, currently around 23760$.
Will update as it plays out with solid TP, SL, and entry points.
Pattern information: thepatternsite.com
Time Not to Chase U.S. Indexes If DAX Looking "Toppy"The DAX is trying to break down from a H&S. Because of this, I can't chase the upside in U.S. indexes.
My Nikkei setupNikkei is currently retesting this strong monthly resistance level
This just cannot end well. Bull trap on a resistance level.
If it gets broken. My setup is validated and no shorts will be made.
NIKKEI 225Hello
After a strong break of the daily blue support/resistance,the price is back to test the same level,probably it's a good opportunity de sell for
short term. we will see after if the yellow support will be strongly broken.
Thanks
Update on NikkeiW formation completed. Now we can expect a retest of the 4h neckline as our point of interest for entries.
