Wait and buy a rebound from the lower trendline towards 116.00.

11 June 2021, USD/JPY

Wait and buy a rebound from the lower trendline towards 116.00.

Wave Analysis

The Us dollar us currently rallying around a significant supportive trendline. This is a very good level and while the price does not clear not clearly break and close below it, this is a good place to consider a possible long term buy position. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 110 towards 116.00 or even higher. A break and close below the same trendline will mean we're continuing to the lowerside with an ideal target set at 108.410.

Trade Recommendations:

Wait and buy a rebound from the lower trendline towards 116.00.

Profit within arm’s reach The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels. To ensure profitable trading, implement the FreshForex strategy today: 1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading. 2) Send a request to school@freshforex.com and specify your account number. Make a note in the email that you want to receive a strategy.

Graham Osano
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus