JAP225

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JAP225Japan 225SKILLING:JAP225SohailChaudhary๐Ÿ“ˆ Japan 225 (JAP225) | Daily Timeframe โ€” Bullish Trade Idea Japan 225 is showing a potential bullish continuation setup after breaking above a previously established descending trendline. ๐Ÿ” Technical Analysis The daily chart shows a strong overall bullish structure, followed by a corrective phase. Price recently broke above the descending trendline, suggesting that the previous corrective move may be losing momentum. Key observations: ๐Ÿ“ˆ Overall market structure remains bullish ๐Ÿ”“ Price has broken above the descending trendline ๐Ÿ”„ The breakout is being followed by a pullback/retest ๐ŸŽฏ Current price is around 65,038 Buyers could potentially target the previous resistance area and higher levels ๐ŸŽฏ Trade Plan Direction: BUY ๐ŸŸข Entry: Around 65,000โ€“65,100 Stop Loss: 60,545 Take Profit: 69,511 Risk-to-Reward: Approximately 1:1 The idea is to participate in a potential continuation after the trendline breakout rather than chasing the initial move. For me, the key level to watch is the 65,000 area. If buyers continue to defend this region and price starts building bullish momentum, the next major objective is around 69,500. #JAP225 #Japan225 #Nikkei225 #IndexTrading #TradingView #TechnicalAnalysis #PriceAction #MarketStructure #TrendlineBreakout #RiskManagement #Trading #ForexTrading #Indices #SwingTrading