NIKKEI SHORT 41,000 SL & TP ON CHART
Taking short position on NIKKEI 1% risk 1:5r
Reason for trade is we may see the JPY basket start to bottom out and retrace currently in extremely oversold and undervalued conditions.
JPY pairs looking like they could recover a lot
I see the NIKKEI as overvalued because of the yen bleeding so much this year its a false evaluation of the price, has been drawn up artificially off the back of yen losses which may well be getting plugged now.
41,000-41,1000 is a great area for shorts
Reason for trade is we may see the JPY basket start to bottom out and retrace currently in extremely oversold and undervalued conditions.
JPY pairs looking like they could recover a lot
I see the NIKKEI as overvalued because of the yen bleeding so much this year its a false evaluation of the price, has been drawn up artificially off the back of yen losses which may well be getting plugged now.
41,000-41,1000 is a great area for shorts
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