Downward movement is not over! | 21 مارس 2016
21 مارس 2016, USD/JPY
The considered pair has probably completed correction, which is represented by the fourth wave of the descending impulse wave [v].
This indicates that development of descending impulse is about to be over, but has not been completed yet.
To l take a final view, the momentum needs another bearish wave - in the near future we expected it.
For this reason, I have open Sell transactions and after another drop they will be closed except for one, which will be saved in case the price will continue to move in a downward direction.
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.
