An ascending impulse is expected to develop | 13 May 2016

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
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus