Checking how the price reacts to 2:3 | 03 July 2015

03 July 2015, USD/JPY

Н1. The angle 2:3 has been almost accomplished. So, we are waiting when the price hits it. If today it is not broken, we will wait a growth to resume the next week. Breaking this angle brings the target on the level of 50-70 p under the angle. Usually the first attempt is not enough to do that. Hitting the angle, the price as a rule, bounces for 20-30 p.

Intraday reversals with Н1 timeframe according to terminal time of FreshForex: 07:00, 15:00.

Reversals of current week under H4 timeframe (numerology): 01 July at 20:00.

Reversals in current month 6, 12, 22 .

All reversals represented in the review are assumed points of reversal and the dates may vary..

Checking how the price reacts to 2:3

Conclusion: Purchases at 07:00, sales at 15:00. Purchases from 122.70 for 20-30 points, sales from 123.09 — 122.90.

Бухонова Елена
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