We're Long | 15 February 2023

15 February 2023, USD/JPY

We're Long

USDJPY has already completed forming a full motive wave that is the 5 waves structure, the market also formed a descending channel from major impulsive wave (I),138.43 to major impulsive wave V,127.41. The price has already broken above the upper trendline of this channel and retested. Currently in a corrective phase price that has broken above a major zone/resistance level at 132.82. The market is likely to retest this level (132.82) and then buy up to 136.23. We can place a buy order now but with proper risk management.

Trade Recommendation:

We're Long

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