Wait for a rebound from 38.2% fib level to pick a possible sell position. | 16 April 2021

16 April 2021, USD/JPY

Wait for a rebound from 38.2% fib level to pick a possible sell position.
Wave Analysis
During the previous trading day, the US Dollar established a swing low around 108.660 and is currently pulling back to the upperside The current move we are seeing to the upperside is a corrective wave count and should not go beyond 38.2% fib level. A rise above this fib will push the price even further to the upperside with the next ideal target set at 50.0% fib level. If the price should breakout and close below 108.660, then we will be expecting further momentum to the lowerside towards 105.00.
Trade Recommendations:
Wait for a rebound from 38.2% fib level to pick a possible sell position.

One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts. This is the sixth portfolio already, developed by FreshForex specialists. Over the last year, we offered five investment portfolios to traders. Each of them showed a positive result.

The total return was 79.2%.

2 steps to get the Invest-portfolio:

1. Fund your trading account with $70 or more from 2 to 30 April, 2021.

2. Send a request to school@freshforex.com with your account number funded.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .