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.
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.
