Trading Idea for Nikkei 225 (JPN225) 16.10.2024
Currently holding a long position with an entry at 38,898. My plan is to ride the price upwards with a take profit zone between 39,472 and 39,662, which I see as a key resistance area where I expect a potential reversal.
Once the price reaches this zone, I will open a short position targeting the lows below 38,869. I anticipate a strong reaction near the lower support level, and my goal is to capitalize on that move.
I’ll manage my risk closely, adjusting stop-losses around the resistance and support zones to mitigate any moves against my positions.
Once the price reaches this zone, I will open a short position targeting the lows below 38,869. I anticipate a strong reaction near the lower support level, and my goal is to capitalize on that move.
I’ll manage my risk closely, adjusting stop-losses around the resistance and support zones to mitigate any moves against my positions.
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