Aurum Markets Blog Technical Analysis Nikkei 225 breakout through support

Nikkei 225 breakout through support

Nikkei 225 breakout through support post thumbnail image

The last 12 1 hour candles on Nikkei 225 formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 39897.0517.

Supported by Downward sloping Moving Average

Target: 39897.0517 Entry: 39983.9231 Stop: 40851

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