A confidently descending structure | 31 July 2015

31 July 2015, USD/JPY

Daily chart: as we see, the price continues to steadily work out on bearish pinbar to move down, so, we are waiting it to reach 1.54 within the frames of the current swing

A confidently descending structure

Hourly chart A confidently descending structure. You can add a Sell position at a closer upward swing.

A confidently descending structure

Scenarios: continuation of a decline. Chance of a slight pullback to form the upward swing.

Trading solutions:

1) We are holding sales to 1.54

2)On the event of a rollback up to 1.5587 area, we will be looking for a signal to refill the position down.

Aleksey Panasenko
FreshForex Analyst
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