Anticipating a corrective decline | 25 Juli 2016
25 Juli 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.
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.
