Hellena | USD/JPY (4H): Short to support area of 149.115.

Dear Colleagues, price has made a strong move and I suppose that it will end at these levels. After the five-wave movement, I expect the price to decline to the support area of 149.115.
It can happen already from current positions, but I hope that the price will update the maximum and complete wave 5.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Commentaire:

Price has started a downtrend, but I suspect this is not the end of the uptrend. I still believe that the high of 150.860 will be updated. In any case, I am considering short positions.

Commentaire:

Dear colleagues, the price almost reached the 149.115 target last week. At this moment the price gives us a chance to go short again. I expect the price to reach the target in the coming week, having updated the local low of 149.519.

Commentaire:

The price is at the 150.300 level and it is almost midway to the target. I see that the price is gathering like a spring and very soon the price movement will be strong. I expect the price to reach the target before the end of this trading week

Commentaire:

Dear colleagues, the price is at 149.779. As I said earlier, a strong exit is expected if the price stays in one range for a long time. Now it finally happened! I expect that now the price will reach the target.
But be careful. It may make sense to close trades when reaching the level of 149.507.