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.
JAP225 trade ideas
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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.
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.
JPN 225 - Bearish FVG MagnetOn the daily chart , there exists a Bearish FVG created on 18th July 2024 , which occurred before the rapid selloff this index.
Price has moved steadily up from the low of 30,364 and is within the 3rd quartile of the range pressing to break 40,000.
A long opportunity may exist from the range midpoint , targeting the upper quartile of 40.200 - 41,200 , which is confluent to the Bearish FVG.
Japanese Stock Rally To Continue?The Nikkei Index is watched closely, especially at the moment on speculation around the state and future of the Japanese Economy.
If you check over Yen pairs (Forex) you will notice the trajectory looks very similar inline with Yen weakness, that the BOJ / Govt seems happy to see continue.
This, ultimately is reflected in the index. Any real turn of Market Sentiment may push us significantly to the downside, or indeed to upside in a risk on scenario. Awaiting news events to finish the week.
Berkshire Hathaway Boosts Japan with $1.9B Samurai Bonds
Berkshire Hathaway (NYSE: BRKa), the investment firm led by Warren Buffett, has raised 281.8 billion yen ($1.9 billion) through a Samurai bond issue, strengthening its position in the Japanese market. This is the company's largest yen bond issue in five years, with maturities ranging from 3 to 30 years. The most significant tranche was the 3-year tranche, raising 155.4 billion yen. The funds will be used for general corporate purposes, reinforcing its expansion strategy in Japan, where it already owns about 9% of the country's top five trading houses.
Berkshire's move underscores its continued interest in Japan, a market that has attracted other international investors thanks to Buffett's optimism. This confidence has propelled the Nikkei 225 index (TSE: NI225) to record highs this year, reflecting growing interest in Japanese stocks, especially in value companies that pay high dividends, such as banks and insurers.
In parallel, Asian bourses rose on Thursday, with markets focused on upcoming U.S. consumer price index (CPI) data, which offer clues on the path of interest rates. Japan's Nikkei 225 (TSE: NI225) rose 0.3%, while Hong Kong's Hang Seng Index (HKEX: HSI) gained 2.5%, boosted by a rally in companies such as Trip.com Group Ltd (HK: 9961) , which rose more than 5% following a positive revision to its earnings estimates by Citi.
Despite the optimism in Asian markets, Chinese stocks were volatile due to doubts about the extent of economic stimulus. However, the injection of 500 billion yuan ($70.69 billion) by the People's Bank of China provided some support to local markets.
This week's move back to the support zone of the previous highs could be said that the Japanese index is regaining its tone with the capital injection. The RSI is now at 56.19% which indicates that it is not overbought, so the progression could continue without major inconvenience. The price bell shows that the current price development is above the checkpoint zone at 38,658 points. Therefore, it is clear that the strong zone of the index is located in this area and there could be a recovery of the price to highs in the coming weeks.
Ion Jauregui - Analyst ActivTrades
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jp225 buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum1
. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move1
.
NI225 ROUNDING BOTTOMS OR CUP HANDLE FORMATION???NI225 may increase future? It may be good opportunity for index fund buyers. Normally you can see Rounding bottoms formation very rarely in your life because it takes to occur in very very long time. On the other hand it may be cup handle chart pattern but they have same meaning so continuation formations.
Nikkei Short: Wave 3Similar to NASDAQ and SPX, Nikkei is also bound to move down in a wave 3. What I want to see is the breaking of the trendlines and then a move down to each of the support cleanly without reservation.
If I'm wrong, set the top above the recent high as I've placed on the chart.
NIKKEI to continue hold back the bulls?NIK225 - 24h expiry
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Previous resistance located at 40008.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 39998 (stop at 40551)
Our profit targets will be 38457 and 37705
Resistance: 42155 / 45325 / 46980
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Update idea
