The pair is preparing for a further drop | 01 Octubre 2015
01 Octubre 2015, USD/JPY
The pair is preparing for a further drop
At the moment, we can say that formation of the horizontal Triangle as the wave [iv] has been completed.
The pair is preparing for a further drop, which is caused by development of the wave [iv] of downward momentum.
Thus, I still keep a Sell trade open and can even add another one to it, because probability of a further decline is still very high.
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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.
