NIKKEI 225 Index Struggles to break above 20200
The correction of Deep dive from 21600 to 19000 seems to be blocked by 20200 resistance.
An ascending triangle pattern is being printed on H4 Chart. – Potential bearish continuation pattern. –
Short at the potential breakout.
Bullish breakout would be validated at 20225.
I have two short trade setups:
SETUP 1: Short at the market price 20.020 Stop 20300 targets 19.650 and 19.100 Update: TP1 Reached
SETUP 2: Short at the breakout of 19.800 targets 19.650 19.400 19.100 Update: TP1 Reached
You can view the setup: NIKKEI Bearish Continuation
DON’T MISS OUT!! LIMITED TIME OFFER
BASIC PACKAGE MEMBERSHIP 6 MONTHS for 189 $
VERIFIED ACCOUNT AND SETUP RESULTS
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
You can contact us via Skype User Name: Chartreaderpro
DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
NIKKEI: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.