lundi 15 décembre 2014

Nikkei quick update - December 15, 2014


Ouch, 18 000 was a resistance for real. Now the Nikkei has fallen through monthly support of 16 890 and is en route to 16 300 which is the next monthly support as well as the top of the ichimoku cloud. That level also happens to be the 50% retracement of November's crazy hike from 14 400 to 18 000.


What you can do here:
Wait for the Nikkei to close a green candle above 16 300 with increasing volumes and then place a long trade.
Or, if you are afraid of missing the momentum, place a few entry orders above the spot price (100 pips maybe, but at your own discretion, keeping in mind that too close means vulnerable to noise) as it decreases. That way, when (if) the Nikkei has an urgent need to go back to 18 000 or more you'll have several trades triggered on its way. 

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