Nikkei Bullish Price Action is Targeting W H5 Camarilla

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The Nikkei has formed an inverted head and shoulders pattern.  The price is bullish and the pattern might provide a breakout to the upside.

22600-650 is the POC zone. We can see the bottom of the right shoulder as the price is trying to bounce. The first target is the trend line confluence around D H3 22800. A successful break of the trend line will aim for bullish continuation towards W H5/ D H5 camarilla pivot. 23000-23075. As long as the price is kept 22450, bulls should be safe.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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