Nikkei: Potential for downtrend continuation against resistanceDear 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.
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Cheers!
Ivan Labrie
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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.
