The price has reached a critical level | 13 June 2016

13 June 2016, USD/JPY

The pair has neared the critical level. Thus is has probably completed development of the wave ii of the emerging upward impulse.

However, the risk of breakdown and change of our wave frame is extremely high, so I would not recommended buying. It is better to wait until the pair starts to grow and enter on update of the local High either through a Buy Stop pending order drafted on the chart by the red horizontal line. Stop loss at the same time can be set at a critical level.

The price has reached a critical level

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus