Is the Nikkei Setting up for a Quick Short? - Forex News by FX Leaders

Is the Nikkei Setting up for a Quick Short?

Posted Friday, August 25, 2017 by
Rowan Crosby • 1 min read

The Nikkei is getting a slight pop to the upside today on the back of what is a quiet one as we would expect. All the action comes later when Mario and Janet take the stage. For now though we might be able to find a short in the Nikkei.

If we can hit the 19500 area we run into resistance and a trendline. I particarly like to short the Nikkei when we get a really bearish candle to add to the other indicators. Now we might not have time in the day for that and I wouldn't be taking many trades ahead of the two big speakers, but keep an eye out if we can push up a touch as Japanese markets close for the day.

NKK

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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