We’re either looking for a short position, or on the sidelines. | 14 August 2018
14 August 2018, USD/JPY
Wave Analysis:
Yesterday, our stops were taken out when the price went below the daily support level 11102. As long as the price remains below 111.040, we expect a possible momentum to the lowerside. But should the price again breakout above 111.040, then this will be a good place to look for a low risk long position with an ideal take profit at 114.27 and the next at 118.00. On the lowerside, should the price continue to remain below 111.027, then a rally towards 108.21 is highly likely.
Trade Recommendation:
We’re either looking for a short position, or on the sidelines.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
