Jump to content

Triangle break bearish on Japan225?


Mercury

Recommended Posts

I don't trade this much but there are a lot of pips on offer on Japan if you get it right.  The general shape of the price action is suggestive of a bearish sentiment with a possible A-B-C complete just short of the 50% Fib.  the ending Triangle formation seems good, though Ideally I'd like to see another hit on the top line, maybe at the 50% Fib?  having said that the shape is suggesting the top has already been hit but a sharp 1-2 relief rally is probable behind US opening (remember this market is closed right now).

 

I'll be tracking this over the course of the day and if it looks good may put a stop in short over night at the 50% OR go earlier if the US markets drive a 1-2 earlier.

 

here is the chart



Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      16,008
    • Total Posts
      76,721
    • Total Members
      63,931
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    CRYPTOKEYLORD
    Joined 19/09/21 00:10
  • Posts

    • @Caseynotesthanks for the reply. How do I know if I am trading at DMA platform or any other.       
    • Hi, all brokers are market makers to some extent. If you are trading on the Direct Market Access (DMA) platform then you are dealing on the exchange through IG but if using any other platform then IG looks to match those trades inhouse matching shorts to longs. Any excess they hedge on the exchange themselves.  So IG aren't taking the other side of your trade, they are covered whether you win or lose and they make on the spread from both parties. If they need to hedge they still win because they get a better spread than what they pass on to you.  
    • Err, I've had all my real vaccines, the ones that completed safety trials, have also had special vaxxes when had to present proof when travelling to a country were there were dangerous diseases present, no problem. But experimental gene therapy that has no medium or long term risk data for a disease that, according to the FDA, has just a 1 in 250,000 risk, and needing to present proof to go to a restaurant or club in my home town - no, this is not about a virus.   Note that the FDA officials that the Biden admin pressured into giving early FDA approval for these vaxxes both resigned. FDA panel just voted 16-3 AGAINST approving the boosters This slide was shown at their meeting.  
×
×
  • Create New...