The Nikkei initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star. The shooting star of course is a
The Nikkei initially tried to rally during the day on Tuesday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and as a result we could very well pullback towards the ¥16,750 level to find buyers. On the other hand, we break above is of the shooting star for the Tuesday session that would be a very positive sign and should send the market looking for the ¥17,750 level. Anyway, we don’t have any interest in selling this market as there is so much in the way of support below.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
