• Dec 27, 2024
  • Trade ideas

JP225: Rising triangle

JP225, Daily

JP225Daily.png

In the Daily timeframe, JP225 has formed an ascending triangle pattern, and the price is testing the upper boundary. Parabolic SAR indicates the beginning of the upside, which makes it possible to expect a rise.

  • It is possible to consider buying JP225 on consolidation above 40000 and the nearest fractal with a target to 41200 and further to 42500;
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Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt