We are waiting for the price on the level (0/8)

08 February 2016, USD/JPY

We are waiting for the price on the level (0/8)

The four-hours chart of USD JPY. The pair has reversed upward to the level of (1/8), which is a signal of upcoming growth of the pair to the main support and resistance level (4/8). But so far this is an alternative option, because there is no confirmation signal such as consolidation of the pair above the four-hours line of SuperTrend. The main option is a continued downward movement targeting the level of (0/8)

Trading solutions: Sale from the four-hours line of SuperTrend

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
We will be pleased to answer any questions you may have


Get bonus