Nikkei: Peak bearish sentiment and a nice triple bottom
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: www.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: www.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.
Bình luận:
Good progress.
Bình luận:
Buy the dip with the same stop.
Bình luận:
(this completes a full position, the 1% risk I reccomend if you risked 0.5% initially)
Bình luận:
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.
Bình luận:
Was a good idea to book profits.
Bình luận:
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.
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.
Bình luận:
Failure to break above resistance might suggest a pull back is under way.
Bình luận:
We're ready to break above resistance, if not long you can reenter here, stops under 16665.
Giao dịch đang hoạt động:
"10 hours ago
Comment. We're ready to break above resistance, if not long you can reenter here, stops under 16665."
Comment. We're ready to break above resistance, if not long you can reenter here, stops under 16665."
Bình luận:
Great progress here.
Giao dịch được đóng thủ công:
Personally I'd close this long position now.
Bình luận:
We hit the target zone. It can cause price to stall here for a while, sideways.
