Look for sell orders towards 104.810. | 27 8月 2019

27 8月 2019, USD/JPY

Wait for a retracement towards 106.940 to pick a sell.

Wave Analysis

Despite the bearish gap seen during the previous trading day, the US Dollar rose significantly but failed to break above 106.940. This is a good 4 hour resistance level and as long as the price is contained below it, we're waiting for long term sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below the recent lowest low towards 100.00 or even lower. As it is on the 4 hours chart, we only recommend looking for short positions.

Trade Recommendations:

Look for sell orders towards 104.810.

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.