SE CUMPLIRA LA SEGUNDA COMPRA?HE REALIZADO DOS COMPRAS DESDE EL DIA DE AYER POR LA NOCHE, YA SE CERRO LA PRIMERA (EN POSITIVO), QUE PASARA CON LA SEGUNDA?
JPN225 trade ideas
Where to take profit if not here?Nikkei 225 just hit significant fibonacci retracement level - 61.8%
“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria” - John Templeton
Ask yourself at what stage we are from famous John Templeton quote
Nikkei Stock Index (Samurai Strikes Back)View On Nikkei Stock Index(23 Nov 2020)
Nikkei was in the STRONG UP trend, using 25,200- 25,500 for now.
So, as long as the above mention region is hold, it is better to stay on the BUY side.
DYODD, all the best and read the disclaimer too.
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Nikkei 225 - Will the market Fade to a consistent level?➖⚡➖ KEY TAKEAWAYS ➖⚡➖
✔️ Strong rally only natural to retrace
➖⚡➖ TECHNICAL ANALYSIS ➖⚡➖
Bullish Outlook:
A break above the most recent level of ascending resistance (in yellow) would expose further upside
Bearish Outlook:
I think it's only natural to see some profit taking on a strong bullish rally. Question is though, how much of a retracement should we expect? Well historically speaking, the 50% fib level is the most common level.
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Japan all set to drop!?Nikkei looks like a finished 5 waves structure with wave 1=5. Expecting trend to change soon.
JPY225 - short play from Buying Climax key leveltokyo stock market ripped higher after the election into a buying climax (BC) on the 10 NOV.
after that a sharp automatic reaction (AR) set up the trading range.
from that low on the 10th NOV market rally to upthrust though the BC key level at 25865
Now price is below that level and retesing the underside of resistance.
Possible that a move down into 24800 will be followed by a bounce.
the character of that bounce will likely be telling for move to new highs or further downside.
for the moment have placed stops at 26080 short targeting the lows 24800.
steady as she goes.
JAPAN 225 BULL FLAGReally simple bull flag set up, also for my followers you will notice the rvi bullish cross. look to trade the continuation pattern on the pullback or stop loss as placed. We may see some yen depreciation on oil strength as the catalyst for this move, look out for news events also.
JAPAN225 Bullish FlagBullish flag and the price will test previous high
Prefer BUY
JUST FOR IDEAS!!
DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.
NIKKEI225 LONG; Best of the G10, long term.Currently the best outlook of the developed markets.
- As opposed to the DAX and US Equities, the former being an absolute dog, the later under a mass delusion price wise.
The DAX
E.g. If one must be long Equities, the proper spread would be LONG NIKKEI, CAC, SHORT Dow, DAX.
This spread has an annual 8%-10% advantage, including FX differentials, over any other G10 Equity Long!
