31 May 2019, USD/JPY
Wave Analysis
The previous day;s candle was a perfect bearish pin bar candle. As long as the price remains below the envelopes on the 15 minutes chart, we expect nothing but a possible steep decline towards 100.00 or even lower. The idea is to wait for retracements back to the upper side to pick low risk sell orders with the first ideal target at 108.00 , and the next at 105.00 and the last take profit at 100.00. So far, as it is, this pair is actively downwards and chances of continuing to the lowerside are very high.
Trade Recommendations:
We're heading to the lowerside. Look for low risk sell order.
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