Sell a break below 23.6% fib level. | 03 Diciembre 2019

03 Diciembre 2019, USD/JPY

Sell a break below 23.6% fib level.

Technical Observation

Swing high established around 109.70, USDJPY then rallied to the lowerside but could not go below the 23.6% fib level, I expect a steep momentum to the lowerside and should break below 23.6% fib level, towards 38.2% fib level, and if this last take profit is taken out, then a momentum towards 50.0% fib level. On this chart, only sell positions looks ideal, but should the price rally to the upperside and break above the swing high, then we are buyers with our take profit at 110.00 the next take profit being 112.00.

Trade Recommendations:

Sell a break below 23.6% fib level.

Imelda Maseno
Analyst of «FreshForex» company
¿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