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3 Dec 2014
Nikkei 225: Corrective pullbacks into 17,500 opportunity to go long - 2ndSkies
FXStreet (Bali) - According to Chris Capre, Founder at 2ndSkies, any corrective pullbacks into the 17,500 area could be good opportunities to get long Nikkei 225 after the recent breakout higher.
Key Quotes
"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."
"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."
Key Quotes
"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."
"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."