FxWirePro: Short-term sell opportunity in Nikkei225

We have been bearish on the Nikkei for quite some time now. We have already called on our readers to go short on the Nikkei225 or JPN225 (CFD of Nikkei225). In February this year, https://www.econotimes.com/FxWirePro-Sell-Nikkei-225-13-risk-reward-ratio-1158298 we have called on our readers to go short in Nikkei at the then current rate of 21828 (JPN225) with a target as low as 15300 area and stop loss around 24200. The JPN225 is currently trading around .22210 area.

We based the above view on the facts that the exporting country like Japan will be a victim of trade war waged by the United States and at a time when the monetary policies all around the globe are reversing course.

We believe, along with this long-term opportunity, a more short-term opportunity exists for those who are looking to go short on the index.

Trade idea:

Sell JPN225 at the current rate of 22220, with a stop loss around 23000 area and a target of 19700 area.