The correctional wave 2 is coming | 20 Juli 2016
20 Juli 2016, USD/JPY
The current picture is uncertain. The reason for that is the emerging correction caused by the wave 2. Since these waves are not finished, in future we expect a slight drop and then an abrupt impulse surge will be resumed. For a safer entry, I recommended using a pending (buy stop) Buy order set at High. This will allow to get to the beginning of the impulse third wave and avoid loss due to the fast opening of trading positions.
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.
