In the fifth wave of downward momentum | 18 مارس 2016
18 مارس 2016, USD/JPY
Finally, the considered pair has showed something we had been long expecting, the triangle was broken down, which indicates that correction boosted by the wave [iv] is over now.
Now, perhaps, the wave [v] began to form, which can be limited by a slight update of the Low.
After formation of horizontal triangles, further movement is not strong and extended.
So, we should be very attentive and put a protective stop loss after the price movement at every opportunity
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.
