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Good afternoon traders!
An elliot wave has been formed in the USD / JPY trading chart. If we consider the short-term movement this July as an internal wave A of the large ABC wave pattern, then the quotes fell yesterday by 50% and closed with a pin bar in the trend.
In such a situation, it is best to sell positions in order to update the bull market to a quote of 106. Such an idea is based on the Price Action and Stop Hunting strategies.
Good luck and have a good day!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.