We are short. | 02 March 2022
02 March 2022, USD/JPY
Wave Analysis:
The US Dollar is trading on a contracting wedge formation,the price is currently on a corrective wave count four on the upper trendline.We expect a rebound from the upper trendline to the lower side towards 114.55 in continuation of the impulsive wave cycle five. However,should the price break clearly above the upper trendline, we expect to continue long towards 115.55 or even much higher.If you are looking at this chat now, pick short term sell positions from 115.04 towards 114.55,
Trade Reccommendations:
We are short.
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.
