short | 24 10月 2017

24 10月 2017, USD/JPY

short

Wave Analysis:

This week, the US Dollar gaped above the upper resistive trend line but ended up closing below it. We expect the rejection from this trend line to have marked the end of the corrective wave (D), that the current bearish price rally is the continuation of the impulsive wave (E) To the lower side but should not go beyond 106.09. If you didn't go short somewhere along the upper trend line, look for short signal to short this pair with your take profit along the lower trendline. This pair should be traded alongside CADJPY, NZDJPY, AUDJPY and CHFJPY. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday. Only buy or sell the US Dollar if the other positively correlated pairs are giving the same signal.

Trade Recommendations:

We're short with our take profit along the lower trendline

FreshForex cancels commissions!

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus