we're short | 22 Agustus 2018

22 Agustus 2018, USD/JPY

we're short

Wave Analysis

Earlier today, the impulsive wave (c) corrected itself slightly to the upper side but is still below the level 110.30. As long as the price remains below this level, we expect a possible rally to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 108.53. If this is the case, then we'll wait for another break below 107.62 to confirm further bearish price rally, This view can only be invalidated in case the price breaks above 111.20.

Trade Recommendation

we're short

101% Double the volume

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Bob Stan
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