PRO_Indicators

NIKKEI / W1 - H1 : Very nice resistant cluster to trade.

Short
FX:JPN225   NIKKEI 225
We're now reaching the possible end of the weekly bullish trend and could top up near the heavy cluster of fibo targets.
The "short term" (H1) setup tends to show signs of weakness as well and could validate a massive taking profit reactions from investors (moreover if the yen tends to strenghen which I also expect)
I ploted the expected wave projection on the H1 chart and the target zone in which I'll be searching for short entries to trade the weekly reversal.

Hope this idea will inspire some of you !
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You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil

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