Cabana Capitals Blog Technical Analysis Confirmed breakout on Nikkei 225 1 hour chart

Confirmed breakout on Nikkei 225 1 hour chart

Confirmed breakout on Nikkei 225 1 hour chart post thumbnail image

Nikkei 225 has broken through a line of 38605.0000. If this breakout holds true, we could see the price of Nikkei 225 heading towards 38200.5000 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

Supported by Downward sloping Moving Average

Target: 38200.5 Entry: 38505 Stop: 38856.16

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