NIKKEI SHORT 41,000 SL & TP ON CHARTTaking 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