We're short | 11 اكتوبر 2018
11 اكتوبر 2018, USD/JPY
Wave Analysis
The US Dollar is currently trading with an expanding wedge formation. As long as the price remains within this shape formation, we expect a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 112.040. If this is the case, then we'll expect further movements to the lower side with the next ideal target at 110.00. According to the current chart, only a sell position looks ideal and can be recommended.
Trade Recommendations:
We're short
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.
