Ready for a long downside move in USDJPY . I´m entering short at current levels with SL above 123.81 on a daily close. Several fundamental and technical factors support the forecast .
First target is 122 zone, but I expect beyond levels
Factors :
1. Delay in Fed hike rates. I´ve been advocating for months Fed won´t raise rates until there´s scary inflation signs.
2. Technically formed a Wolfe Wave pattern and is following the lines .
3. There are several demand areas I expect to be broken but will take some days, like 200MA and/or uptrend channel
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Feel free to agree or comment the idea to build a positive learning experience
First target is 122 zone, but I expect beyond levels
Factors :
1. Delay in Fed hike rates. I´ve been advocating for months Fed won´t raise rates until there´s scary inflation signs.
2. Technically formed a Wolfe Wave pattern and is following the lines .
3. There are several demand areas I expect to be broken but will take some days, like 200MA and/or uptrend channel
You can subscribe to my list to receive FX Alerts : eepurl.com/bp_sgP
Feel free to agree or comment the idea to build a positive learning experience
Josep Pocalles
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor
