Short the US Dollar now towards the lower trendline | 05 September 2018

05 September 2018, USD/JPY

Short the US Dollar now towards the lower trendline

Wave Analysis

The US Dollar is now in the processing of forming an expanding wedge formation. While the price is within this shape formation, we're waiting for a bounce from the upper trendline to pick a long term short position with an ultimate target along the lower trendline. If you're not in a short position now, you can still look for a long term short position now, or wait for a clear signal along the upper trendline, but should the price breakout above it, then this will be a good place to look for a long term long position towards 112.900.

Trade Recommendations:

Short the US Dollar now towards the lower trendline

101% Double the volume

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Bob Stan
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