Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
Nikkei 225 Profits for + 600 Points & + 7R | Feb 3rd
Nikkei 225 – Getting Hammered, Remaining Bearish
We we’ve been writing about for weeks now here and here, the Nikkei 225 has been offering up a lot of selling signals and opportunities as of late. In our most recent weekly market commentary, we suggested selling in the 14750/775 area targeting 14590 and 13975. The Japanese index has not disappointed, coming right into our 14750/775 selling zone, and then dropped over + 600 points. Anyone using a 85 point stop entering at at the low end around 14750 would have profited now over +600 points and for +7 R as savvy price action traders did.
We remain bearish and will look to sell on rallies. Our first area to get short will be around 14360/80, and will be happy to sell further up around 14475/14500. Downside targets are 14130 and 13990
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