JPN225: Major Resistance Breakout – Long Opportunity

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JPN225: Major Resistance Breakout – Long OpportunityJapan 225OANDA:JP225USDseventeacupThe Japan 225 (Nikkei 225) on the 4H timeframe is signaling a clear bullish reversal after a solid accumulation phase. Technical Analysis: Trendline Breakout: Price has successfully broken above the descending trendline that has been active since November. Resistance Flipped: The current candle is closing above the key horizontal resistance level at 51,062, confirming a shift in momentum. Market Structure: The accumulation zone (grey box) provided a strong base, allowing buyers to take control and push for a breakout. Order setup: Long Entry: 51,062 (Enter on 4H candle close confirmation or a minor retest). Stop Loss (SL): 50,775 (Placed below the recent support zone). Take Profit (TP): 51,700 (Targeting the previous swing high). Risk/Reward Ratio: ~2.2 ⚠️ DISCLAIMER: This post is for educational purposes and personal opinion only; it is not financial advice. Trading indices involves significant risk, especially during low-liquidity holiday periods. Please Do Your Own Research (DYOR) and manage your risk strictly.