USD/JPY. Last chance for buyers? | 13 September 2024
13 September 2024, USD/JPY
The situation on the considered pair started to deviate from the expected path. Making a good deceptive move, first dropping below the minimum, then quickly returning back, the price indicated that it intended to rise. Instead, it continued to fall towards the previously established minimum.
Perhaps this is another cunning plan by buyers, and the price might actually start to rise and ultimately reach its goal near the maximum set by the supposed wave A.
In this situation, it's possible to try buying again, setting a protective stop loss at the previously formed minimum. The risk-to-profit ratio will be significantly skewed toward the possible profit.
Investment idea: buy 141.15, stop loss 140.90, take profit 148.00.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
