Look for sell positions towards the lower trendline. | 04 Noviembre 2020

04 Noviembre 2020, USD/JPY

Look for sell positions towards the lower trendline.

Wave Analysis

Perfectly as previously anticipated, the Us Dollar bounced off from the supportive trendline, headed straight to the upperside but could not break beyond the upper trendline. If the price breaks and closes above the upper trendline, then we will be looking for more long term buy positions expecting price to continue much higher. A break above the upper trendline will push the price much higher with an ultimate target set around 105.533. If the price bounces off from the upper trendline, then we will be looking for sell positions towards the lower trendline.

Trade Recommendations:

Look for sell positions towards the lower trendline.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus