We’re short from the upper trendline | 18 سبتمبر 2018
18 سبتمبر 2018, USD/JPY
Wave Analysis:
According to the hourly chart attached, the US Dolar is currently rallying along a key resistance trendline. As long as this trendline protects the upperside, we’re patiently waiting for a clear rebound from it to pick a long term short position. Ideally, we expect the previous decline from this trend line to have marked an end to the previous impulsive wave (E) that any clear rebound sign will culminate into a rally to the lowerside. The anticipated bearish price rally is the continuation of a corrective three wave cycle and should break below the lower trendline.
Trade Recommendations:
We’re short from the upper trendline
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
