JPN225 Long after channel and support test. After breaking the down channel, I am waiting for a channel test on the same old support area, to go LONG and using an 160% fibo Projection as target.
JPN225 trade ideas
JPN225 ShortThe JPN225 has reacted to the overlying supply zone.
A short trade on chart is suggested targeting the underlying demand zone.
From a Wyckoff perspective, price has recently posted the UTAD and heading down.
Joe Gun2Head Trade - NIKKEI at resistanceTrade Idea: Selling NIKKEI
Reasoning: Rallied into resistance
Entry Level: 28268
Take Profit Level: 27774
Stop Loss: 28368
Risk/Reward: 4.96:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Nikkei 225 Breakout - where to next? Weaker than expected growth in Japan led to markets expecting policy by the BOJ to be kept loose. This recent breakout now puts the index in positive territory YTD and it is now at a 7-month high. The question remains whether this is a breakout to be faded or has legs to move higher? The RSI seems to be rolling over from overbought territory. This could potentially setup a retest of the 28.364k former resistance level. The 50-day SMA also looks to be eyeing a golden cross with the 200-day SMA. The pattern that has emerged a flat sided ascending triangle is typically bullish.
Nikkei225This chart of the Nikkei225 stock average shows that this market topped in 1989 and a parallel channel of a down trend that has recently encountered resistance. The question is whether the price can break above this level and resume the recent bull market or whether the continuation of this extremely long term down trend will happen.
NI255 1HTrend analysis:
4H - Up trend
1H - Range
Pattern analysis:
- After again one cycle, bearish pattern
NIKKEI 225 CFD BEARISH PATTERNJapan Economy Watchers Current Index was announced yesterday, below its forecast and also below its neutral line of 50, at 43.8, which can be used as a marker for downturn of the country's economy.
On a technical level Japan 225 CFD broke the support of the rising wedge pattern, also signaling a potential bearish move on the instrument. Both MACD and RSI indicators confirm the pattern, and in both the fast moving average is increasing the gap with the slow moving average, indicated best by the MACD histogram. This might be read as an indicator for big movement.
If the pattern gets confirmed the price might test its previous low at 27840. If the opposite scenario occurs, the instrument might test the previous support of the rising wedge at 28270.
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NIKKEI 225 BUYCONFIRMATIONS
- I believe price is going to fall for the next 12-14 hours however reverse of the ascending redline located on my fib at 27962.
- I never want to say this is a "prime example" because things can change. But this is a pretty regular chat pattern that is forming a "rising wedge". This is a chart pattern I look for very often.
- Price has continued to respect my ascending trend line.
- Price is simply in an uptrend.
- 50 MA is right under price.
- Risk/Reward is 3:1
- Waiting for a shooting star or inverted hammer candlestick.
Nikkei 225 August 5th, 2022Nikkei has been rallying in the last few days, and broke a trend line. Everyone is wondering is it a reversal move or just a bull trap.
This is remain to see but for now I see pretty strong base to go higher. Saying that RSI is quite high, not oversold yet but compering to US indices JPN225 is less like to be severely oversold. Very likely the pullback is expected.
MACD looked like it was going to cross the signal line but not really, we might have one/two more bullish/consolidation days.
I'm going short but please do your own analysis - trading is risky
" JP225 " Buy Trade With 300 Pips Target Good Morning Trader's ,, How Are You Today ?
Let's Explain Together "JP225" Chart And Reasons To Long From This Area !
1- What Is The Trend For Jp225 ? Now ,, It's In Upper Trend ,, Because We Break Out The Last resistance Area And Going To Next Level
2- Why We Will Buy From This Area ? We Have Break Out SMC Area And Resistance Area ,, So We Will Going To Target
3- When We Close e Target As Stop Lose ? When The Price Close Daily Candle Down The SMC Area On Chart
Any Questions Please Write me On Comments !
NIKKEI 225 SHORTCONFIRMATIONS
1. JPN22 is in a current uptrend. Price usually gets rejected in this area. In order for price to push more up, it will most likely need to drop to my -27 extension on my fib before pushing more up.
2. Waiting for price to possibly hit my 50% retracement level to sell entry.
3. Double tops have formed which is a sign of a downtrend.
4. Chart could possibly be forming a rising wedge pattern or a bearish pennant.
5. However I could be possibly wrong there isn't much going on in the economic calendar, so price could continue to consolidate and big moved MIGHT not happen until later. Im not 100% sure.
6. Risk/Reward 4:2
7. 50 moving average is about to be over price.
8. Im bearish on JPN225 short term but bullish long term
Nikkei filling a gapI think the Japanese and Asian markets will anticipate what will happen this week.
After a false breakout of a diagonal resistance marked in blue, there is a high chance of filling the gap that was left open, reaching at least as far as the correction of 0.618.
Then we will have a better definition.
Nikkei 225: triple top patternIt will appear that a triple top pattern is busy developing.
Such a pattern is bearish in nature (see the insert).
The 200-day simple moving average might also act as major resistance.
Remains a risky trade.
j225 sellThe price is in an ascending channel and has reached the ceiling of the channel. If the specified trend line is broken, I expect the price to reach the set target.
NI225 (BUY)We have a new emerging uptrend highlighted by the black line. If we cross the line of 28328.53 yen, we can consider a purchase in the short term.
NIKKEI - Gartley completion on the Spike high.OANDA:JP225USD Has completed a Gartley Sell signal this morning on the open of the Asia Session.
The Daily AI had a top at that time as well.
First area to watch will be around 26300-26430 area below there would set up a 25500 Double bottom.
If it gets up above 27k then we will be looking at 27500-27800 bigger Gartley area.
Some levels to watch. Enjoy the day.
Nikkei - 4 Hour - Triangle Breakout We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate.
My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher.
Now the question is IF we're likely to continue higher THEN where are we likely to go & how are we likely to get there.
The answer to the first question is our most recent major level of structure resistance & the answer to the second question is either by a pullback to previous structure resistance (now turned potential support) or by the formation of a high & tight flag pattern followed by another breakout.
Hope this idea was helpful. if you have any questions, comments or want to share your opinion fee free to leave them in the comment section below.
Also, if you're around I host a TRADE OF THE DAY Live Stream here on Tradingview each Tues, Wed & Thurs at 7:30 am NY, 12:30pm UK time. Feel free to join the discussion.
Akil
Long JP225Price Pullback at Downtrend Line Breakout Level
Entry : 26650
Target : 27200
Stop Loss : 26200
NIkkei 4H chart.Jp225 is in downtrend and as you can see it is corrected the price(correction in 1H chart as well). And going to strong impulse asap.
Jamie Gun2Head - Selling NikkeiTrade Idea: Selling Nikkei
Reasoning: Targeting 78.6% Fibonacci, price breaking below support
Entry Level: 26708
Take Profit Level: 25893
Stop Loss: 26871
Risk Reward Ratio 5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
