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Waiting for continued decrease

Waiting for continued decrease | 09 February 2016

09 February 2016, USD/JPY

Daily chart: bear pressure from ADX increase, so it is possible to breakthrough support level on 115.32

Waiting for continued decrease

Н4: localize support is on 115.44 and inside bar is on bottom Bollinger band. This is fact for bulls but we observe that ADX is in active zone so breakthrough under is possible too. (Look at the black pointer).

Waiting for continued decrease

Н1: it is so prevail bear trend

Waiting for continued decrease

Expectation: decrease by 115.00 and then correction

Trading decisions: sell by 115.00

Aleksey Panasenko
FreshForex Analyst
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