Bearish breakout in Nikkei – Are you ready to catch it?
The global stock markets are on a bearish run as the uncertainties over the China & the U.S trade war heightens. Likewise, Japan’s Nikkei...
Arslan Butt•Wednesday, August 15, 2018•1 min read
The global stock markets are on a bearish run as the uncertainties over the China & US trade war heightens. Likewise, Japan’s Nikkei is sinking today as investors seem to take profit after the previous day’s sharp gains.
Nikkei Hourly Chart
Recently, the gaming sector stocks plummeted due to anxieties over lags in new game releases in China, as Beijing stopped approvals for licenses. So, all we can do is to take maximum benefit out of it. That’s why, we just opened a forex trading signal on Nikkei to take a sell position below $22,150 to target $22025.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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