Hellena | USD/JPY (4H): Short to support area of 147.648.
Updated
Dear colleagues, I assume that the 5 wave impulse is ending and the downward movement will start soon. I think that wave 5 will end in the area of 149.720, then I expect a decline to the support area of 147.648.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
The price is already in the resistance area of 149.720. I suppose that the price may reach the level of 150 and then start a downward movement. In any case, I consider only short positions, because the end of wave 5 is near.
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