Looking for low risk sell opportunities. | 19 May 2017

19 May 2017, USD/JPY

Looking for low risk sell opportunities.
Wave Analysis:
During the previous trading day, rose to the upper side despite our expectation. We expect this upward to be a mere pullback and should not break above 111.94 from where we'll be looking for low risk sell opportunities. ideally, the current upward rally is a correction of the impulsive wave (c) and should not go beyond 111.94 where we'll continue short with the last motive wave (c). Expect a similar wave count in CADJPY, NZDJPY, EURJPY, and CHFJPY. These pairs will have a similar wave count during this intraday.
Trade Recommendations:

Expect a possible rebound from 111.94 to sell this pair towards 100.2

FreshForex cancels commissions!

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