NIKKEI Trade Details: The Nikkei index on the hourly timeframe confirms a bullish setup, with a clear long entry signal as per the Risological swing trading indicator. The trend is gaining strength, and the chart suggests a potential move towards profit targets.
NIKKEI Key Levels:
Entry: 38304
Stop Loss (SL): 38004
Take Profit Targets:
TP1: 38674
TP2: 39273
TP3: 39873
TP4: 40243
NIKKEI Analysis: The chart indicates a recovery with higher lows and sustained buying pressure. The Risological trendline confirm the bullish trend, and momentum indicators align with the upward trajectory. With calculated risk, this trade offers a solid reward ratio.
NIKKEI Outlook: Monitor for momentum consistency to hit targets. Stay alert for profit-locking opportunities at each target level to maximize gains. Watch out for resistance near higher levels to secure returns effectively.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.