Sell a rejection from 109.401-109.225 towards 107.775. | 04 5月 2021

04 5月 2021, USD/JPY

Sell a rejection from 109.401-109.225 towards 107.775.

Wave Analysis

Few days ago, the US Dollar rose above the envelopes indicator but is still below the zone 109.401-109.225. While the price remains below this zone, we are waiting for a clear rejection from it to pick a possible long term sell position. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 107.775 towards 106.155. On flipside, should the price breakout above 109.401, then this will be a good place to consider a possible long term buy position towards 110.610.

Trade Recommendations:

Sell a rejection from 109.401-109.225 towards 107.775.

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