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Developing the 5th wave of the downward impulse

15 March 2016, USD/JPY

The price has formed a presice horizontal triangle as the wave [iv], and at the moment is clearly set out to continue to drop pushed the fifth wave of the downward momentum.

In anticipation of this event, I opened another Sell trade and now can only wait for when bears will reward me.

So, the scenario on this pair remains unchanged, we are waiting for development of the wave v of the downward momentum.

Developing the 5th wave of the downward impulse

Vasiliy Lukin
FreshForex Analyst
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