Anticipating a corrective decline | 25 July 2016

25 July 2016, USD/JPY

At the moment correction is taking the form of a simple Zigzag. Probably in this zigzag, the two waves out of the three were formed. So in the near future the final third wave will develop, which probably will not take a long time. So, I've opened a Sell trade with a stop loss set at a local Low. Now we have to patiently wait for the market solutions.

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