JPN225 trade ideas
NIKKEI225 going longTVC:NI225 is in a descending channel, but in a bigger timeframe it looks like a bullish flag to me. Besides that, it hit key Fibonacci levels rebounded from there. I am bullish until above 30000.
The fundamentals are still bullish for me as the opening-up party just begun. However expect wild swings, as the speculators tried to "price-in" the opening up with leveraged positions, so both long and short squeezes are ahead of us, so try this idea with small positions.
NI225 Market ProjectionsG'day Guys
Nikkei been moving up and down since Feb 2021.
Am expecting this month movement will be bearish to complete the movement cycles and high probability bouncing on the Demand zone.
Which is showing the Support level strong. This indicate they progressive recovering to pre-covid environment.
Let's see what happen next. Remember, Nikkei Movement relatively effect JPY currency.
Thank you.
NIKKEI 28508.45 - 2.03 % * OVERVIEW OF PRICE ACTION, STRUCTURE &HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE NIKKEI .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.