Consider only sales now | 10 اكتوبر 2016
10 اكتوبر 2016, USD/JPY
Daily chart: an active phase of decline against enhanced activity on ADX, that almost certainly will allow sellers to finalize the middle Bollinger band (101.87)
Н4: a better shaped support zone around the lower Bollinger band (102.33). ADX is correcting, so it is unlikely that we will see a deeper break down.
Н1: active trend potential ADX in favor of bears, so we wait for development of the descending wave towards 102.33 and then, perhaps, to 101.87.
Expectations: continued drop in the direction of support for 102.33 and possibly to 101.87
Solutions: only sales with profit taking around 102.33 and 101.87.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
