Looking for the upward entry points | 13 Juli 2016
13 Juli 2016, USD/JPY
Daily chart: after exit to the upper envelope, it is obviosly determined toward the upper Bollinger band (106.51)
Н4: support is at the middle Bollinger band (102.17), from which the pair can be bought again. ADX is very active, so not for the fact that the correction will receive such a depth.
Н1: a local horizontal corridor within Bollinger envelopes (103.95-105.42)
Expectations: fall to 103.95 and then surge to 105.42
Solutions: purchase from 103.95 to 105.42
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.
