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

14 de fev. de 2024

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!

15 de fev. de 2024

Nota

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.

18 de fev. de 2024

Nota

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.

20 de fev. de 2024

Nota

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

29 de fev. de 2024

Nota

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.