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Buy trades are still relevant

12 May 2016, USD/JPY

We assume that the downward momentum was over having formed the final diagonal triangle repesented by the wave [v].This model precedes a reversal and a strong movement in the direction of reversal.

This is what we are wintessing now: the price has turned around to win the tops in the impulse form. There are no signs that the price will stop and turns to corrections, so the purchases are still relevant.

Vasiliy Lukin
Analyst of «FreshForex» company
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