Outcome is getting closer | 18 أغسطس 2016
18 أغسطس 2016, USD/JPY
Sellers struggled to squeeze the price as low as possible but consolidation below 100.00 has failed. Buyers can take avail from hesitation of the price to start moving it upward, thereby developing the wedge, or to be precise, its third wave. However, entering is risky now, and it is better to wait when the price starts to move along a certain way.
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.
