VasilyTrader

Nikkei 225 Index (JPN225) Short Trade Explained

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FX:JPN225   日經 225指數

Short trade went active on Nikkei!

Reason:
the price reached a resistance line of a rising wedge pattern on daily
+ double top formation on 1H with a confirmed breakout of minor support.

I entered short based on retest (382 retracement of a small bull leg)

stop - 20585

t1 - 20050
t2 - 19770

risk: 1%


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