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

An ambiguous situation

31 May 2016, USD/JPY

Following to a supposedly completed development of the wave ii, the price began to rise, probably that was boosted by development of the next third impulse wave. In this situation, the purchase is the best option with a Stop Loss set at the local Low.

But we do not exclude the end of the wave i. In this case, the price may begin a drop within the frames of correction.

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 .