Feb18 – Nikkei S3S

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As opposed to all the European and US indices which continue to play with historic highs, the Nikkei is in a downtrend. It rebounded 3% overnight thanks to the BOJ rate meeting where they indicated further easing to stimulate the economy, and the index became overbought on the 4H chart.  A nice red candle with a definite bearish close formed at 11am – I then used a retracement on the 15M chart to go short, immediately after the negative Tier-2 USD news at 1.30pm.

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