Nikkei 225 – Forming A Price Action Squeeze | Apr 2nd
Nikkei 225 – Large Breakout After Consolidation. Forming Price Action Squeeze
After consolidating for 3 days, the Japanese index broke out for several hundred points to the upside, running into multi-month resistance around 15075. The index has formed 2 touches on it, so setting up for a potential breakout with the 20 ema holding for now.
If we see more of a price action squeeze, followed by a breakout, look to trade the momentum or a breakout pullback setup. Upside targets are 15187 and 15315 which are key swing highs from March this year.
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