Look for sell positions. | 02 سبتمبر 2020
02 سبتمبر 2020, USD/JPY
Wave Analysis
The previous week's candle closed as a perfect bearish pin bar candle. As it is now, The US dollar has pulled back slightly above 61.8% fib level. As it is now, we re are looking for long term sell positions expecting price to break below the previous week's lowest low towards 161.8% fib level. This view will only be rendered futile in case the price breaks above the previous week's highest high. If this should be the case, then we will expect an impulsive wave count towards the upper trendline or even higher.
Trade Recommendations:
Look for sell positions.
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.
