IvanLabrie
Short

Nikkei: Potential for downtrend continuation against resistance

FX:JPN225   Nikkei 225 index of Japanese listed shares
Dear trader, I'm short the Nikkei here, speculating on this being the top of the recent 'helicopter money' induced rally.
The Nikkei hit a long term downtrend mode from below, and is now sitting at this level. Would be interesting to see if price proves us right and gives reasons to add to shorts, to join the impending downtrend.
I'm also in a few *JPY shorts, associated to this setup here. I'll post a trade weighted Yen index as well, see related ideas.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise             directly or indirectly from use of or reliance             on such information.
Comment: Took a while, next week: gap down and new downtrend. Let's see if I got it this time.
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