Nikkei: Peak bearish sentiment and a nice triple bottom
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I'm currently long USDJPY and GBPJPY, but we might have a chance to join the Nikkei's rally here.
Sentiment has reached extreme levels for equities, and the setup is eminently bullish, now that we've broken the weekly uptrend mode.
It's safe to enter a long with a stop under today's low, risk half initially, since weekly confirmation hasn't materialized yet.
This gives the yen pairs plenty of upside for a couple days/weeks.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Sentiment has reached extreme levels for equities, and the setup is eminently bullish, now that we've broken the weekly uptrend mode.
It's safe to enter a long with a stop under today's low, risk half initially, since weekly confirmation hasn't materialized yet.
This gives the yen pairs plenty of upside for a couple days/weeks.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Ghi chú
Good progress.Ghi chú
Buy the dip with the same stop.Ghi chú
(this completes a full position, the 1% risk I reccomend if you risked 0.5% initially)Ghi chú
Doubling at the same price as you entered was wise.Giao dịch được đóng thủ công
I'd reccomend caution, even though the trade has worked so far, IBB is falling rapidly again, and oil might have topped here. Perhaps exit and stay on the sidelines until we can more safely enter.Ghi chú
Was a good idea to book profits.Ghi chú
Nikkei remains a candidate for strength. Very well support so far. Forming a potential daily explosion pattern setup, we will get confirmation soon, and thus a new long entry here.
Ghi chú
Failure to break above resistance might suggest a pull back is under way.Ghi chú
We're ready to break above resistance, if not long you can reenter here, stops under 16665.Giao dịch đang hoạt động
"10 hours agoComment. We're ready to break above resistance, if not long you can reenter here, stops under 16665."
Ghi chú
Great progress here.Giao dịch được đóng thủ công
Personally I'd close this long position now.Ghi chú
We hit the target zone. It can cause price to stall here for a while, sideways.
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