#TradeOfTheWeek

Here are some potential trades for the week, based on recent market analysis ¹ ² ³:

- *Short USD/JPY*: Analysts recommend shorting USD/JPY around ¥144.00, with a stop loss at ¥146.00 and a target of ¥138.00. This trade is based on technical patterns suggesting a continuation of the downtrend.

- *Short Nasdaq 100*: Some analysts suggest shorting the US Tech 100 index at 21,870, with a stop loss at 22,241 and a target of 20,700. This trade is based on the index's recent decline and negative divergence on the Relative Strength Index.

- *Stand aside*: Given the current market volatility, some analysts recommend standing aside and not putting risk on this week. This allows traders to assess the situation and avoid potential losses.

*Market Context*

- The Nasdaq 100 index is currently trading at 20,149.80, with a recent decline amid growing concerns over the US economy and rising inflationary expectations.

- The S&P 500 index is trading at 5,682.00, with some analysts predicting potential market fluctuations.

- The USD/JPY pair has recently completed an "ABC" zigzag correction, suggesting a potential continuation of the downtrend.

*Risk Management*

- It's essential to manage risk effectively, considering the current market volatility and potential for rapid changes.

- Traders should carefully evaluate their risk tolerance and market outlook before engaging in any trades.