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Sell a rebound from the upper trendline

Sell a rebound from the upper trendline | 04 Septiembre 2018

04 Septiembre 2018, USD/JPY

we're short

wave Analysis

During the previous trading day, the US Dollar pulled back upwards but is still within the falling channel formation. As long as the price remains within the falling channel formation, we expect a possible rally to the lowerside. We're basically waiting for a possible bounce from the upper trendline to look for a long term short position with an ultimate target at 109.390. This view can only be invalidated in case the price break above the upper trendline. If this is the case, then further bullish price rally is expected.

Trade Recommendation

Sell a rebound from the upper trendline

Trade Recommendation

we're short

101% Double the volume

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