Nikkei: Appears to have bottomed for now

We can enter longs here (or in AUDJPY, like I reccomended to my clients), risking a small drop below low volume support). Risking 0.5% potential upside makes this trade worth it.
The weight of evidence suggests the BOJ will help us make some decent progress on this position soon.

Cheers,

Ivan Labrie.

Kommentera:

It went a bit lower than expected before the close. The US session makes me think we'll get a nice long above today's high, with stop under today's low.

Trade stängt: Stopp nått:

We have to wait for oil to stabilize, then take a new daily high as the entry.

Kommentera:

Shame we didn't retry this one.

Kommentera:

We're at the target zone here, but it can go way higher if we break above this range.