Nikkei 225 – Breakout Setup Profits Heavy, Bearish Bias For Now | Apr 5

On April 1st I tweeted about the Nikkei 225 being bearish and that I was looking to sell. Then yesterday the Nikkei gave a nice breakout trade setup which is currently up about +475 points of profit as of this writing.

Members will see price action here clearly, but this is a classic breakout setup. For now the index has formed a small corrective structure which suggest very little profit taking with the bearish pressure remaining.

Those not already short can look for pullbacks towards 16000 as I’ll be bearish while below that and 16.3K on a daily closing basis. Downside I’m targeting 15K/14.9K.

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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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