Log in

An ascending impulse is expected to develop

13 May 2016, USD/JPY

Buyers appear to have decided to postpone development of the final fifth wave of the rising impulse. Probably, the present correction is caused by development of the fourth wave.

The pair is expected to continue to move up to finish the emerging impulse. For this reason, my opened Buy trade is still in operation. It was transferred into a profitable Stop Loss.

An ascending impulse is expected to develop

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.