Sell a bounce from the Evelopes trend indicator with your ideal target at 108. | 26 Diciembre 2018

26 Diciembre 2018, USD/JPY

Sell a bounce from the Evelopes trend indicator with your ideal target at 108.

Wave Analysis

The dominant trend on this pair is downwards. The the bars of the MACD oscillator are below the level 0.00. As we mentioned previously, while the price remains below the trend indicator, envelopes and also the columns of MACD below 0.00, we expect nothing but a possible steep decline towards 110.05. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should head towards 108.00 or even lower. As it is on the hourly chart attached, only sell positions looks more ideal and can be recommended.

Trade Recommendations:

Sell a bounce from the Envelopes trend indicator with your ideal target at 108.

Be the first to get $5 for participation in the webinar 8.30 GMT!

BECOME FRESHFOREX ANALYST!

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.