An ambiguous situation | 31 May 2016
31 May 2016, USD/JPY
Following to a supposedly completed development of the wave ii, the price began to rise, probably that was boosted by development of the next third impulse wave. In this situation, the purchase is the best option with a Stop Loss set at the local Low.
But we do not exclude the end of the wave i. In this case, the price may begin a drop within the frames of correction.
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.
