manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Growth to 124.48 and downward correction

28 May 2015, USD/JPY

Daily chart: We have three bars outside Bollinger envelopes which brings market to correction.

Growth to 124.48

Н4: Bullish pressure 124.48 has been preserved (upper Bollinger band)

Growth to 124.48

Н1: Nipping of Bollinger bands prior to a possible impulse. Support is based at 123.41

Growth to 124.48

Expectations: Price will jumpt to 124.48 and decline to 123.41

Trading decisions:

1) Buy to 124.48

2) Sell from 124.48 to 123.41

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .