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Japan 225

About Bollinger BandsI would like to show you the perfect signal from a such indicator like Bollinger Band. This indicator is very interesting by contractions and expansions which follow each other. After contraction there will be expansion and good trade opportunity with good movement. This daily chart Nikkei 225 shows the same. Price closed out of Bollinger Bands, MACD and DMI confirmed the breakout. It was good signal for opening short trades in the direction of the main trend. Weekly chart also confirms that it's better to open short trades with targets about 15200-15000.
FX:JPN225Short
by DLavrov
Nikkei: Short the topThe Nikkei is showing an interesting setup. On one hand, there is a daily uptrend in place, but on the other hand, price is approaching the key area corresponding to the day when negative rates where announced by the Bank of Japan. This daily candle was followed by a higher low, which is labeled on chart as a key level, and then a heavy decline. As an interesting sidenote, this day's low and high match the extremes of the 'value area' in the volume profile, and the 50% level marks the monthly mode (regarding time spent at price) on chart for this whole range where price has been stuck since November 2015. You could go long Nikkei (or some yen pairs, like for instance EURJPY), to ride this coming leg up in risk on, but the bigger trade might be the short side once this is done. Interestingly, the Dax is the worst performer as of late, and might be the best short candidate. I'll update the chart with the short entry once we hit my target. I added the tlt, gold and hyg charts on top, and the usdjpy, Dax and S&P500 charts as an overlay to the Nikkei so you can see the interplay between them. The idea is to use the Nikkei and Yen as a barometer for the other instruments here, everything forms part of the same puzzle and we can crack the codes with some work on the patterns on chart, and knowledge of the fundamentals, news dates, and the price reaction associated to them. Happy Easter, Ivan Labrie.
FX:JPN225Short
by IvanLabrie
5
$Nikkei / $JPN225 At Critical Level; Favors Decline | $JPY #BOJ TECHNICAL SYNOPSIS: 1 - Predictive/Forecasting Model defines 20780 as critical high/High-prob. reversal level 2 - Technical analysis would define 20961 as probable resistance level based on June 1997 and April 2000 structural level and last month's failure to break above same level. 3 - Current bar carves out a lower-low relative to last month's bar Net Bias = BEARISH BEARISH SCENARIO - 50% FIB: Decline would likely seek Fibonacci handles at 38.6%, 50.0% or 61.8% significant retracement level. However, first retracement offers little to no past structural levels for reaction when compared to significant pivot range at the corresponding 50.0% Fib retracement level. INVALIDATION: Invalidation would occur if price broke above and closed above 20961. For now, market remains taut to the upside. OVERALL: Bears are gaining ground, defending a historical 20961 level. Market is taut to the upside, while technical profile is tilting towards bearish favors. David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster LinkedIn: David Alcindor ----- .
FX:JPN225Short
by 4xForecaster
5
Nikkei: Low risk short setupThe Nikkei is currently in a 10 week decline and hasn't reached its target. Today we observed a sharp retracement thanks to crude oil's short covering spree, and a very dovish Mario Draghi, sending ripples through the global markets. I expect the move to the downside to continue, after the Vix fell for more than 7 points. There are levels of support to be tested below, so I'd aim for the lowest one ideally, and remain short, or add to shorts here (or open new shorts if not in this trend). For more information on setups, analysis and matters relative to the services I offer, contact me privately. Cheers, Ivan Labrie.
FX:JPN225Short
by IvanLabrie
1