Nikkei 225 JPN225 CFD
Nikkei 225 Short TradeYou see a good example, how we could use an uptrend line, a breakout and retest with following down movement. When price confirmed the reversal, we could place a pending order for entry below the low of the bearish candle. Anyway this signal is still workable for opening short trades with stop above the local swing high and profit target at the uptrend line.
Nikkei 225 Wave Count: One More RallyThe Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the dotted trendline. I like a buy on USDJPY after a bullish impulse and if the Nikkei extends toward the 3=5 level, we will have an excellent selling opportunity ahead. Cheers
Nikkei 225 Bearish DivergencePrice reverses from the resistance level 19600 with confirmation from RSI indicator. Bearish divergence gives a signal for opening short trades. Entry level is below 19185 with stop above the resistance level. Profit targets are Moving Averages with 50 and 100 periods. MACD confirms down movement and DMI allows open short trades.
Nikkei 225 Bearish DivergencePrice formed bearish divergence with MACD and RSI. We can trade against the main up trend. Entry level is below MA20, stop orders must be placed above the local swing high. Profit targets are MA50 and MA100.
$JPN225 long 225 is ranging, don't buy the top without stops., Better to wait for longs at lows for better RR.
US30 ($DJIA) leading JPN225 ($NKY) by about 14 hoursThe blue line is the DJIA. Implies NKY ramp in 2 Dec Asian session, which in turn implies another JPY fade.
The Japanese DiamondThese formations are rare, can be quite confusing, and are prone to a lot of morphing. I believe this one is coming to an end soon. Even if it does not come to an end, a move of size is on the horizon. I am short bias from a risk reward standpoint. I view the break of 17700 as constructive and would be looking to go long the index. I will start covering the Nikkei a lot more going forward on the small time frame using this thread as the bigger picture theme.
JPN225:The Channel and the Bearish Butterfly PatternThe market is moving along the upward channel and the price has hit the up trendline.Meanwhile a bearish butterfly pattern is completing at about 17400 levels and coincidentally the D of the AB=CD pattern is also at this level.
So it is good to sell short at about 17410 levels when bearish candles appear.
SL:above 17576
TP1:the centerline of the channel-about 16980
TP2:the lower edge of the channel-about 16540
JPN225, Nikkei may be preparing a nice dropJPN225 arrives to a downtrend line valid since more than One year ago and now will decide where to go. A secure breakout would mean a road to the new multi-year maximums.
Nevertheless, in my opinion, we will see one more leg down, which can long several months from now, and after that a run to these maximums will continue.
I´m ready to short 17,500 zone, targeting 12,000 on a mid-long term, SL: 18,100
JPN225 Potential ShortPrice is at resistance level indicated by the converging of trendlines.
Looking at short if price break below 28th Oct low.
NIKKEI is super bullishwhether you like it or not, it's trend has changed. Stronger JPY is also supporting it.
MACD turning bullish, RSI trendline has broken. Let's go.
