Looking for buying options on the edge of current descending swing | 06 August 2015

06 August 2015, USD/JPY

Daily chart: a confident accomplishment of a new High allows for some pullback down now. The general target - 125.84

Looking for buying options on the edge of current descending swing

Hourly chart: a steep bullish pinbar. The downward swing has already been finished, but we can count on the recess in the zone of 50% the size of ping (124.15).

Looking for buying options on the edge of current descending swing

Scenarios: falling to 124.15 and the new upward Swing with the attack the last Top (125.00)

Trading solutions

1) Buy from 124.15, Stop orders at 123.95 and take profit at 125.80 (extraday).

Aleksey Panasenko
FreshForex Analyst
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