Have a pending buy limit order around 111.694 and take profit at 114.25. | 19 April 2019
19 April 2019, USD/JPY
Wave Analysis
Despite the previous correction, the US Dollar closed above the zone 111.907-111.681. As long as the price is contained above this zone, we expect nothing but a possible momentum to the upperside with an ideal target at 114.014. The idea is tom wait for possible correction towards the previous week's opening price to pick a low risk buy order. Conservative traders can have a pending buy limit order around the previous week's opening price and stop loss below the previous week's lowest low and take profit at 114.12.
Trade Recommendations:
Have a pending buy limit order around 111.694 and take profit at 114.25.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
