JP225 Long H1Buy @ 38195.50
S/L @ 37783.80
T/P @ 38814.50
RRR @ 1/1.5
Pure Price Action Trading based on Breakout of Key Levels.
JP225USD trade ideas
Nikkei 225 Short: Going into Wave 3I have updated the wave counts for Nikkei and based on this new wave count, we are going into a wave 3 down. The old wave count would also be a wave 3, but I think this is a cleaner count.
JP225 Long D1Buy Stop Entry @ 38649.60
S/L @ 30467.20
T/P1 @ 46877.70
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
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 is starting the new bullish phase.NIKKEI (NI225) gave us the most accurate buy entry we could get last time (September 10, see chart below) as we bought right above the 0.5 Fibonacci level and the price immediately rebounded to the 0.786 Fib of its July 11 High:
The symmetry with the September - December 2023 fractal continues to be striking, which is also evident on the 1D RSI which made a 2nd bounce on the Symmetrical Pivot Zone as the previous fractal did on December 08 2023.
The price bounced on the 1D MA50 (blue trend-line) and the December 2023 rally that followed, reached the 1.786 Fibonacci extension before the next short-term consolidation.
As a result, we can upgrade our medium-term Target to 43000, which is still considerably below the 1.786 Fib.
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Jap225Jap225 will break out soon . Price will raise to marked levels ofcourse there is retracement and consolidation after break out however its interesting to catch the wave .
DAX INDEX (DAX): Confirmed CHoCH & Bullish OutlookI spotted a clear change of character(CHOCH) on the 4-hour time frame of the 📈DAX chart.
The market is currently trading in a strong bullish trend and has broken through a minor bearish trend and a key horizontal resistance level.
It is expected that the market will continue to move upwards, with the next resistance level being at 39,555.
NI225 possible retraceMight go to search the upper support at 41k to retrace back to 38,500 in search of more strength to keep up with the uptrend.
Have a look at a possible down divergence of the price against the RSI and CCI
Nikkei 225 short: a follow upFollowing my previous idea to short that somehow played out perfectly (a rare occurrence), I'm not calling out another short with the updated wave counts.
Nikkei Short.Nikkei is looking weak along with all of the major indices across different exchanges.
33,500 first target
29,000 second target
Nikkei 225 Index Resumes Its Decline?Nikkei 225 Index Resumes Its Decline?
In mid-October, the Nikkei 225 index attempted to break through the psychological barrier of 40,000 points but ultimately reversed direction.
This week, the index has continued its downward trend, driven by concerns surrounding the upcoming elections for Japan's House of Representatives scheduled for October 27. According to Reuters, the ruling Liberal Democratic Party (LDP) and its coalition partner, Komeito, may lose their majority in the elections.
Meanwhile, technical analysis of the Nikkei 225 chart reveals several bearish indicators:
→ The lower bounds of both the previously active blue and purple ascending channels have acted as resistance, along with the noted 40,000 level.
→ The price has broken below the ascending trend line (marked in red) around 39,000, suggesting that bears have gained enough strength to push through. Consequently, the 39,000 level may now serve as resistance.
Overall, the situation appears increasingly concerning. Could the rise from point V to C be merely a corrective move following the downward impulse from A to B? If so, a downward reversal from 40,000, coupled with a bearish breach of the trend line, could signal a resumption of the downtrend, potentially leading to a decline towards the 37,000 level, which has previously interacted with the price on multiple occasions.
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Asia Session Recap - GBPJPYTook 1 trade on GBPJPY for Asia Session. I took it as a Breakout trade on the daily based off the flip of the Monthly Breakout Level.
$NIKKEI is about to collapse?#nikkei has recently made a crash in 5th August 2024. From that day, the chart formed an ascending wedge. This wedge occasionally ends with a bear market and SPREADEX:NIKKEI lost the support and it matters ALL MARKETS. Not financial advice.
Nikkei continues to hold back the bears.NIK225 - 24h expiry
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for sentiment and the uptrend has potential to return.
We look for a temporary move lower.
Further upside is expected although we prefer to set longs at our bespoke support levels at 38870, resulting in improved risk/reward.
We look to Buy at 38870 (stop at 38550)
Our profit targets will be 39670 and 39820
Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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This Is How To Trade The Nikkei/JPN225 Now.This particular index is one where many lessons can be taken and learned.
You can apply these strategies to any Market, anytime.
Nikkei 225 Short Idea UpdatePrice has moved horizontally since my previous short call on this index. The movement has formed into a descending triangle and as we moved into the apex, we might want to look at entries from the descending trendline or the breakdown trendline (2 red down arrows).
A short-term stop loss around 39420 will trigger a review of this idea.
ConsolidationDear Traders,
We are in consolidation IT IS NOT TRENDING.
THIS we see in price action NO INDICATORS are needed to see this. Therefore how do you trade? You have many options open to you depending on how you trade this is highly subjective. No approach is wrong profit is profit. What do I think? Well I expect both sides to be taken hard leading into November. Why? Becuase we are in a high volatility low volume period this is EXACTLY when they can do it. Why? It makes money for them post opex week. Can you trade this? Of course depending on your own strategy on entry exit and trade risk management rules. This I cannot advise upon. Hope this perspective helps. Peace and good luck.
Double Bottom TradeI see a potential continuation of the bullish run, what we have here is a strong correction but overall, the trend in bullish on the daily and weekly charts, now let's wait for a breakout and pullback and go long
WE ONLY TRADE PULLBACKS
NIKKEI 225 Falls Hard! Short Trade Hits All TargetsThe Nikkei 225 has displayed strong bearish momentum after the short entry at 39921.50, with the price moving through multiple profit targets.
Key Levels
Entry: 39921.50 – The short position was initiated as the price broke below this level, confirming bearish pressure.
Stop-Loss (SL): 40104.00 – Positioned above recent resistance to safeguard against potential reversals.
Take Profit 1 (TP1): 39695.93 – The first target was reached, confirming the initial strength of the downtrend.
Take Profit 2 (TP2): 39330.93 – Further selling pressure led to this level being hit.
Take Profit 3 (TP3): 38965.93 – The downward trend continued, achieving this target.
Take Profit 4 (TP4): 38740.36 – The ultimate target, indicating a significant bearish move.
Trend Analysis
The price is firmly below the Risological Dotted trendline, affirming the strength of the bearish trend. The continuous downward movement highlights strong selling momentum, suggesting that bears remain in control.
The short trade on the Nikkei 225 has progressed well, with all targets reached. The final target at 38740.36 underscores a strong decline, supported by the Risological Dotted trendline and consistent selling pressure.
Trading Idea for Nikkei 225 (JPN225) 16.10.2024Currently holding a long position with an entry at 38,898. My plan is to ride the price upwards with a take profit zone between 39,472 and 39,662, which I see as a key resistance area where I expect a potential reversal.
Once the price reaches this zone, I will open a short position targeting the lows below 38,869. I anticipate a strong reaction near the lower support level, and my goal is to capitalize on that move.
I’ll manage my risk closely, adjusting stop-losses around the resistance and support zones to mitigate any moves against my positions.
JPY Weakness To Drive Up NikkeiFundamentals & Sentiment
JPN225:
- BoJ: "proceed cautiously" - can be interpreted as dovish; CFTC
- Weakness in JPY: Market internals, CFTC
- New PM to prevent deflation
- Dull economic data - dovish
USD:
- Risks: elections, Middle East tensions
Technical & Other
Setup: TC(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Up
Long-term: Up
Min target: Local high
Stop loss: 0.61%
Position size: 0.5R
JP225: Trend BreakoutMomentum expected to be strong for the Japan 225 index. I've been observing two key levels and this latest is a nice, clean breach. Further upside ahead with risk parameters.
ADR: 92.9
SL: 90
TP: 190
JP225 Long - it's still looking good for longs. I will look to take intraday entries if price pulls to POC sometime this week and holds it on volume, I will look to trade it on LTF.
