- Clear Divergence (Price making higher highs while is making lower highs).
- I am interested in Shorting the Index if it breaks 17093 ( the most recent swing low).
- On a break of the lows and the , I will wait for a pull back to re-test the level again then issue my short position to 16425 area.
- The trend remains . This is a counter trend trade.
A fall in Japan Equities will yield a fall in USDJPY GBPJPY EURJPY as it will signify Yen strength. So look for similar opportunities in the Yen Pairs.