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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
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