Wave 5 of descending wedge is expected to be formed | 14 July 2015
14 July 2015, USD/JPY
I still consider that this pair shows us the wedge with the first wave of a descending impulse.
In the course of yesterday's trading session, the wave 4 of the above-mentioned model has been supposedly finished.
Expecting development of the final wave 5, I opened Sell trade.
So further I expect decline of the pair within the frames of formation of the wave 5 of en emerging descending wedge.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
