Bearish breakout in Nikkei – Are you ready to catch it?

The global stock markets are on a bearish run as the uncertainties over the China & the U.S trade war heightens. Likewise, Japan’s Nikkei...

Written by: Arslan Butt • Wednesday, August 15, 2018 • 1 min read

Last updated: Wednesday, August 15, 2018

The global stock markets are on a bearish run as the uncertainties over the China & US trade war heightens. Likewise, Japan’s Nikkei is sinking today as investors seem to take profit after the previous day’s sharp gains.

Nikkei Hourly Chart

Recently, the gaming sector stocks plummeted due to anxieties over lags in new game releases in China, as Beijing stopped approvals for licenses. So, all we can do is to take maximum benefit out of it. That’s why, we just opened a forex trading signal on Nikkei to take a sell position below $22,150 to target $22025.