Nikkei 225 JPN225 CFD
Nikkei 225 Formed V-Shaped Bottom, Target at 31,000Trend Analysis
The main view of this trade idea is on the Daily Chart.
The Nikkei 225 Index appears to be breaking out of its downward trend channel that formed in September 2021. The breakout appears to be from the V-shaped bottom in the Index over the last month and a half. Expectations are for a continued rally towards all-time highs, around the 31,000 price level. This view will be negated if JP225 were to decline back below 27,000.
Technical Indicators
The technical indicators corroborates this view. The JP225’s Supertrend is back in buy-mode after the Index crossed above 26,000. Also, JP225 is back above the Daily MA, the 1st time since early January 2022. The Awesome Oscillator is above 0 and green while the RSI is above 50.
The intra-day trend following indicators of the Nikkei 225 Index also display uptrends in the 15-Min, 2-Hour and 4-Hour Time frames. Short to medium term support is seen around the 27,300-27,500 price range.
Recommendation
The recommendation will be to go long at market, with a stop loss at 27,000 and a target of 31,000. This produces a risk/reward ratio of 1.94.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
Is It Time For Bulls To Take Rest? Weekly Time-frame
We are currently in the Retracement. 23 hours left before the new candle. A strong rejection from $48,000. Support is waiting at $42,000.
1D Time-frame
We have printed a red candle which is a Bearish Harami. We can expect more to the downside. $44,195 is our previous low which is possible to be touched again.
4H Time-frame
We have been rejected in 0.618. now we push through 0.5 and now breaking the 0.382 in FIB Retracement. next target would be 0 in FIB lines with price target of $44,195.AO is bearish as well. And we are in Low volume node in VPVR.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
9 Millionth Bitcoin Has Been Mined, Could We See a Pump?Monthly Time-frame
We have closed a green candle on March. Rejection area or the supply zone is at $47,100. Good to open short position at the moment. a test to the demand zone is also possible for stronger pump to the upside. Demand zone is waiting at $37,700. This is possible if the stock market starts crashing.
Weekly Time-frame
We still have 1D and 21 hours left for the next weekly candle. $42,486 is a test of the demand zone. We are currently in the low volume node in VPVR which is easy to break to the downside.
1D Time-frame
We are about to form double top as Bitcoin and Stocks usually does it to get more retailers to be greedy and fearful. then gets dump again. Awesome Oscillator is still bearish with red volume ripe for correction.
4H Time-frame
Our Long signal in the afternoon made us good profit. our signal in the evening is too early to short most have hit their stop loss already. The market usually makes double top to liquidate the short and long first before continuing the downtrend. We can expect more to the downside in the following days. Supply zone is being respected we can start opening short position at $46,517, $47,440 and keep stop loss above the previous high. SL at $48,548 to make sure not to hit the sl.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
NIKKEI 225 : PRICE ACTION ANALYSIS | NEW SWING SHORT SCENARIO ⭐️TOKYO (Kyodo) -- Tokyo stocks opened lower Tuesday, with the Nikkei index briefly falling below the 25,000 line for the first time since November 2020, on growing concern over the economic impact of rising crude oil prices amid Russia's military action in Ukraine.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 230.00 points, or 0.91 percent, from Monday to 24,991.41. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 16.67 points, or 0.93 percent, at 1,777.36.
Decliners were led by air transportation, oil and coal product, and iron and steel issues.
At 9 a.m., the dollar fetched 115.36-39 yen compared with 115.25-35 yen in New York and 115.01-03 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0864-0868 and 125.33-41 yen against $1.0848-0858 and 125.12-22 yen in New York and $1.0870-0872 and 125.02-06 yen in Tokyo late Monday afternoon.
Nikkei 225 Index Rallied Rally on JPN225 after hitting Bullish OrderBlock.
Price aims to target buyside liquidity.
EURUSD [10DEC2021]Followup to previous plan, I didnt get to short it because it wasn't at the top end of the range. And today it seems to have lost it's bearish background. I'm staying out of this for today.
Similar signal observed in different places. I will post em here
Bullishness weakened (still bullish) - SPY, DJ30, TSLA, BTC-USD, US10Y, USDSGD
Bearishness weakened (still sorta bearish) - Nikkei (beginning bearish run), BYND, Gold, PLTR
Redd
Pivot Points StrategyPivot points can be used as entry points for new trades or as a close signal for the existing ones.
There are different types of pivot points with a different mathematical formula or simply using previous highs and lows.
HOW TO TRADE PIVOT POINTS
The following scenarios work with the Traditional Pivot Points
For the Camarilla version normally R and S are closer to the price and we use a different setup.
Trading setup #1 (Not so strong trend): Open price is between R1 and S1
Long when the price moves back above S1 after going below S1. Target will be P, R1, R2, .. levels.
Place Stop loss at the S2 level
Wait for the price to go above R1 and then when it moves back below R1 again, go short.
Profit target will be P, S1, S2 S3 levels and stop-loss above R2
Trading setup #2 (Normally very trendy bullish markets): Open price is between R1 and R2
Buy or go long when the price moves back above R1 again after going below R1. Target will be R2,
Place stop loss at R1
Wait for the price to go above S1 and then when it moves back below S1 again, sell or go short.
Target will be S2 levels, and the stop loss will be above P.
Trading setup #3 ( Very trendy bearish market ): Open price is between S1 and S2
Wait for the price to go above S1 and then when it moves back above S1 again, then go long.
Target will be P, R1, R2 levels, and stop-loss below S2.
Wait for the price to go below S4 and then when it moves below S2, go short.
Place stop loss above S1.
Trading setup #4 (High probability for a trend reversal or correction): Open price is above R2
Buying can be risky at this level. Wait for the price to go below R2.
As soon as the price moves below R1. go short.
Place stop loss above R3. Target S1, S2, or P
Scenario #5 (High probability for a trend reversal or correction): Open price is below S2
Selling could be risky at this level as the price has opened with a big gap down.
Wait for the price to go above S1.
When the price moves above S1, buy
Place a stop loss of S2. Target R1, R2, and P.