Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
Nikkei breakout the channel and recently tested back and got rejected i expect a move to monthly support @ 18600-18700
It will push UsdJpy down to 108 Levels.
good luck!
Note how closely correlated the USD is to the Japanese stock market. As dollar strengthens the JPY weakens and the Nikkei moves higher to price in inflation. The reverse occurs when the dollar weakens, so does the Nikkei pricing in deflation. makes you wonder why the Bonk of Japan even bothers at this point since the FED has far more influence on what goes on in...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
