The Nikkei 225 fell significantly during the day on Monday, reaching down towards the ¥16,350 level. With this being the case, looks as if we are going to
The Nikkei 225 fell significantly during the day on Monday, reaching down towards the ¥16,350 level. With this being the case, looks as if we are going to find buyers below, or at least look for them. A supportive candle could be reason enough to start going long, as the overall market continues to consolidate. I think that this is a market that given enough time will find enough buying pressure to turn things back around but it may not be today. I have no interest in selling whatsoever at this point in time.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
