Ready, steady, go! | 26 ديسمبر 2016
26 ديسمبر 2016, USD/JPY
Daily chart: everything is finally ready for downward reversal towards 115.20 and 111.37 (middle and lower Bollinger bands respectively). The situation is very intense - there is a lot of inside bars and strong oscillator divergence. Everything leads to decline.
Н4: ADX is very active and envelopes are stable. The price might move again inside the range of 117.13-118.04.
Н1: there is a nice bullish inside bar and ADX is close to the aggressive state. Sell from the current levels!
Expectations: we expect immediate decline towards 115.20
Solutions: sell towards 115.20
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.
