Watch for a possible buy signal towards 110.90 | 14 June 2021

14 June 2021, USD/JPY

Watch for a possible buy signal towards 110.90

Wave Analysis
Few days ago, the US dollar failed to breakout below the lower trendline. As it is on the daily chart attached, we are waiting for a clear rebound from the lower trendline to pick a possible long term buy position. The anticipated bullish price rally is the continuation of the last impulsive wave (E) to the upperside and should break beyond 110.595 towards 113. 00 and may extend much higher. On the flipside, should the price break below the lower trendline, then this will be a good place to consider a possible long term sell position with the next ideal target set around 108.120 and may extend much lower.
Trade Recommendation:
Watch for a possible buy signal towards 110.90

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.

Bob Stan
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