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Hellena_Trade

Hellena | USD/JPY (4H): Short to support area at 148.265.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Hellena_Trade Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY hellena hellenatrade Forex forexsignals wavetheory ellottwave signalservice Contains image
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trendanalysis chartpattern waveanalysis usdjpy hellena hellenatrade forex forexsignals wavetheory ellottwave signalservice containsimage
Dear Colleagues, I think that the price is completing wave 1 of the higher order. I expect a deep correction of wave 2. The first target is the support area at 148.265.

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Comment:
Perhaps the price will renew the high, but from now on I consider only short positions.
Comment:
Last week there was a good opportunity to take profits in the 148.551 area, but then the price showed a sharp rise. I assume that after reaching the area of 148.865 it is worth either to transfer the deal to breakeven or to close a part of positions.
snapshot
Trade closed: target reached:
Well done! 😁
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