Nikkei 225 – Forming A Price Action Squeeze | Apr 2nd

Verified Profitable Trader

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.

nikkei 225 daily market commentary apr 2

Make sure to read our latest article 4 Ways to Improve Your Trading

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article