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

Consider only sales now

10 October 2016, USD/JPY

Daily chart: an active phase of decline against enhanced activity on ADX, that almost certainly will allow sellers to finalize the middle Bollinger band (101.87)

Н4: a better shaped support zone around the lower Bollinger band (102.33). ADX is correcting, so it is unlikely that we will see a deeper break down.

Н1: active trend potential ADX in favor of bears, so we wait for development of the descending wave towards 102.33 and then, perhaps, to 101.87.

Expectations: continued drop in the direction of support for 102.33 and possibly to 101.87

Solutions: only sales with profit taking around 102.33 and 101.87.

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 .