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

Correction continues

28 October 2015, USD/JPY

We assume that this pair has finished development of the wave [a] of the emerging correction zigzag reprsented by the wave (ii).

Next, the price began a slow decline, starting an obvious development of the wave [b] of (ii).

At this point, the above-mentioned wave [b] is far from taking a final look, so in the future we expect a continued flat caused by formation of this wave.

Trading in the current situation, I think, is extremely dangerous, so it is best to watch the course of events from the side.

correction continues.

Vasiliy Lukin
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 .