manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Expect an upward correction prior to collapse

15 October 2015, USD/JPY

The daily chart: So, after a durable accumulation, the price has produced a breakthrough of the bottom Bollinger envelope, that is a strong signal for continuation of drop. At the same time, based on a common model of working out such setups, pre-correction to the middle Bollinger band (120.00) is appropriate and possible.

Н4: чуть более локализованное сопротивление на 119.71

Н1: little more localized resistance at 119.71

Expectations: So, we wait for a rollback up to 119.29, 119.71 and possibly to 120.00, from where we will sell in the medium-term.

solutions: Skip the pullback up and enter down after a rollback.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.