USD/JPY. The Beginning of an Impulsive Decline. | 19 Julio 2024

19 Julio 2024, USD/JPY

USD/JPY. The Beginning of an Impulsive Decline.

During the last trading day, the formation of a descending impulsive wave in the USD/JPY pair likely concluded. This might be just the beginning of a significant and prolonged bearish movement. In the near term, we can expect a corrective pullback, which may take the form of a simple zigzag.
This presents a very good opportunity for entering sell trades with substantial potential. Sell trades can be opened when the price reaches the maximum of wave 4 of the previously formed descending impulse or when breaking the minimum established by wave 5. The first scenario offers much higher potential returns.
Investment idea: sell 158.50, stop loss 158.80, take profit 151.75.
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.