Previous long area did not the support the JPN225 therefore interest is now aligned to the next area of long interest in the JPN225.
COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement.
Confluences for this area of interest to long:
Big 23.6% fibo
Retest of the trendline previously broken
Key Level present
As well as the psychological number 38000
My position: Looking to long from 38177
SL of 200 points
Take profits gradual at 1:2 & 1:3
Catch you later traders ▲
COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement.
Confluences for this area of interest to long:
Big 23.6% fibo
Retest of the trendline previously broken
Key Level present
As well as the psychological number 38000
My position: Looking to long from 38177
SL of 200 points
Take profits gradual at 1:2 & 1:3
Catch you later traders ▲