Sell a bearish break below 106.689. | 07 Octubre 2019

07 Octubre 2019, USD/JPY

Sell a bearish break below 106.689.

Wave Analysis

On 3rd of October, the US Dollar established a support around 106.689 and is still pretty much above this line. As long as the price does not go above 107.107 or below 106.689, we recommend only trading reversals. A reversal from 107.107 will attract a sell while a reversal from 106.689 will attract a buy. However, in case the price breaks any of these levels, 107.107, 106.689, then this will be a good place to look a breakout trade. As it is on the hourly chart, we expect a break below 106.689 to resell the last impulsive wave (v) towards 105.21.

Trade Recommendations:

Sell a bearish break below 106.689.

TRADE METALS WITHOUT SWAPS!

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.