we're short from the upper trendline. | 11 September 2018

11 September 2018, USD/JPY

we're short from the upper trendline.

Wave Analysis

Despite the previous days correction to the upper side, the US Dollar is still below the upper trendline. As we mentioned earlier this week, as long as the price is contained below the upper trendline, we expect a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count and should break below 108.72. The ideal here is to wait for a clear rebound from the upper trendline to look for a long term short position towards 108.72. If the price should break below 108.72, then further movements downwards is expected.

Trade Recommendations:

we're short from the upper trendline.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

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