123.48 is sales area | 18 June 2015
18 June 2015, USD/JPY
Daily chart: Yesterday we were pretty close to our entry point (125.00). The price may start to decline from current levels. First target - bottom Bollinger band (121.07)
.png "123.48 is sales area")
Н4: bottom Bollinger band is attacked, which may force us to find entry point around the middle line (123.48)
.png "123.48 is sales area")
Н1: nearest local target - 122.70 (bottom Bollinger band), ADX is active, so the pair may go lower. However, we will start to look for entry point only after a pullback to the upper band (123.48)
.png "123.48 is sales area")
Expectations: so, waiting for a decline to 122.70 and lower and then for a pullback to 123.48, where shall buy to 121.07. It will take more than a day.
Trading decisions:
1) Sell when the price returns to 123.48 with the target at 121.07 (in the middle run)
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.
