We're sellers towards the lower trendline. | 05 October 2022

05 October 2022, USD/JPY

We're sellers towards the lower trendline.

Wave Analysis

Yesterday, the US Dollar rallied to the lowerside and even went below the three moving averages but is still within the expanding wedge formation. As it is right now, I expect nothing but a possible momentum to the lowerside towards the lower trendline. If the price bounces off from the same trendline, then this should give us a good place to consider a possible buy position towards the upper trendline.

Trade Recommendations:

We're sellers towards the lower trendline.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus