Nikkei Price Action – Breakout Setup +250 Points | Dec 2
Nikkei – Breakout Trade Setup Profits +250 Points (4hr chart)
Yesterday, and in our prior member trade setup commentaries, we’ve been talking about a price action breakout formation in the Nikkei. Yesterday we talked about the formation likely tripping stops and clearing the way for the real breakout.
As you can see from the chart below, this is exactly what happened with the Japanese index jumping over +250 points higher from our commentary. Anyone who traded this breakout would have profited nicely by now.
Any corrective pullbacks into the 17,500 area could be good opportunities to get long. Only a daily close below 17.4K breaks the ST bullish bias. Upside targets are 17.8 and 18K.
Also in our members trade setups commentary today, we cover the EURUSD, EURJPY, GBPJPY, Gold, Dax & Dow. Click here to become a member.
Watch a video of two live trade setups where I profit +200 pips using the Pyramiding Trading Strategy.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book