The Nikkei initially opened very soft for the course of the week, but then turned back around to form a very bullish candle. With this, we believe that
The Nikkei initially opened very soft for the course of the week, but then turned back around to form a very bullish candle. With this, we believe that the buyers are starting to take control again, but we also recognize of the 19,500 level is a bit resistive. However, if you are a longer-term trader this is a market that should offer profit if you are willing to put up with the volatility. We are a buyer at this present time, and a buyer of pullbacks as both offer value in our opinion.
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.
