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U.S. Dollar / Japanese Yen
Short

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

By Hellena_Trade
Updated
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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