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Expecting a deeper drop

05 April 2016, USD/JPY

The situation is coming to a head.

The pair continued to decline and has updated the Low, which indicates that in the future we obviously expect a continued decline.

The above price action was probably formed within the framework of the wave [v].

Thus, we should not neglect such a chance, my Buy trade was closed by Stop Loss, and I have now opened a new one, but already for sale.

Potential movement looks very promising, so we will watch its development and adjust orders according to it

Vasiliy Lukin
FreshForex Analyst
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