Hellena | USD/JPY: Short idea from Channel

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis chartpattern waveanalysis usdjpy hellena hellenatrade forex idea signals

At the moment, the price has approached the upper resistance line of the channel, and I am anticipating the formation of a pattern between the range of 140.5 and 139.5, in order to open a short position

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Comment:

Dear colleagues, the price is moving according to our plan. I would like to remind you that we are waiting for a strong pattern and entering a short position.

Comment:

Dear colleagues, next week I am expecting a pattern for entering a short position! It is possible that the price will touch the level of 142!

Comment:

The price confidently reacted to the resistance line, but it may not be the end of the uptrend! I've been waiting for a breakout of the line and a new high all week, as there are a lot of option contracts accumulated there! Nonetheless, our target is still within the range of 133.8!

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