Log in

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.