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Decline within the fifth wave

Decline within the fifth wave | 22 January 2016

22 January 2016, USD/JPY

The considered pair sticks to our scenario.

We assume that currently it is forming the wave iv of downward momentum.

Thus, in the near future, there is a high probability of resumption of decline caused by the wave v.

Based on these expectations, I opened a Sell trade with a relatively small stop.

Decline within the fifth wave

The considered pair sticks to our scenario.

We assume that currently it is forming the wave iv of downward momentum.

Thus, in the near future, there is a high probability of resumption of decline caused by the wave v.

Based on these expectations, I opened a Sell trade with a relatively small stop.

Vasiliy Lukin
FreshForex Analyst
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