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NIKKEI Long Term Chart Analysis

Trading Forex With Zi Cheng
fong zi cheng

A chart analysis for NIKKEI Long Term. NIKKEI is a Japan Stock Index and has been trending up for a long time which makes it a very good product to invest in for long term gains. Right now, it is having a short term downtrend due to intervention from Japan to strengthen the JPY. However, this will not change my view on the NIKKEI and will still stick to BUY bias.

The areas I will be looking for buys:

1) Price heading down towards the imbalance level and the support trend zone.

2) Price breaking out of the resistance trend zone.


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Last updated: 10/10/2023 03:29

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