Nikkei retesting horizontal resistance – Is it time to sell?

As you know, the market is facing a sort of uncertainty due to the U.S. - China trade war and extended NFTA negotiations between the U.S...


What’s up, fellas.

As you know, the market is facing a sort of uncertainty due to the U.S. – China trade war and extended NAFTA negotiations between the U.S, Mexico, and Canada. Which is one of the reasons why stock markets are trading under selling pressure…

In order to encash the opportunity, we took a trade to sell the Nikkei at $22,574 with a stop at $22,600 to target $22,524. As we can see, the NKY is trading exactly as planned and is gonna hit our take profit. Once the market closed my position at the target, I will be looking to take a buying position above $22,425. Stay tuned to FX Leaders signals page for more updates!

ABOUT THE AUTHOR See More
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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