17 February 2016, USD/JPY
Daily chart: the pair decreases whereas Bollinger envelops expand. It is possibility to achieve bottom (111.88)
Н4: localizing support is on 112.21 (bottom Bollinger line).
Н1: bottom envelope could be broken through! If the price goes this way we will sell from middle line (113.91) to 112.21.
Expectation: break throw bottom Bollinger envelop on Н1, then pullback to 113.91 and the main decrease to 112.21
Trading decisions: sell from 113.91 to 112.21
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us