QQQQQQMDJISPXVIX Here's a 4 hour chart update: Yen rate hikes are likely to add pressure on this retest, combined with reaching resistance where profit taking is happening. Leaning bearish in the short term
Entry Price: 44,181 Stop Loss: 44,131 Take Profit 1: 44,250 Take Profit 2: 44,300
Reason for Entry:
The entry price of 44,181 is positioned near a strong daily support level, aligning with key Fibonacci retracement levels. This setup indicates a favorable buying opportunity, supported by bullish momentum and positive price action confirmation.
Trade Idea: Sell
Entry Price: 44,232 Stop Loss: 44,282 Take Profit 1: 44,200 Take Profit 2: 44,150
Reason for Entry:
The entry price of 44,232 is positioned near a critical resistance level, suggesting a potential reversal point. This aligns with Fibonacci extension levels and is supported by bearish momentum, confirming the likelihood of downward movement.