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

An ascending impulse is emerging

22 April 2016, USD/JPY

Now we can say that reversal has happened here.

This means that formation of the downward momentum has been successfully completed.

Now, we assume a rising momentum to be formed, but so far we cannot identify this wave, because the upward movement looks to run without correction.

Therefore, opening positions in the current situation is not desirable, since correction can start and that will inevitably leads to loss.

I would recommend monitor the movement until there is more or less clear movement, and at that moment we should look for the opportunities to open positions

An ascending impulse is emerging

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 .