A volatile end to the Nikkei’s explosive trend

Just thought I’d place up this quick weekly chart on the Nikkei after last weeks price action.

ImageLast week saw some volatile moves across all markets and a lot of the rationale for the move in the yen and the Nikkei were attributed to the volatility of the JGBs. However I never get too caught up in the reasons behind it. In this previous post the market Wizard Paul Tudor Jones gives a fascinating insight into our need to try and understand everything and how it can be a flawed strategy.  As Technical traders we just trade what we see. And here I see a huge Engulfing / Momentum Reversal Candle on a weekly chart after a very nice trend.  Lets see how it plays out!

Trade Well!

Paul

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

View all posts by FXTraderPaul

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