Three-bars structure against two-bars structure | 18 August 2015

18 August 2015, USD/JPY

D chart: we are still waiting for a full completion of the downward swing to be able to buy along trend in the upward direction with favorable Stop Loss levels

Three-bars structure against two-bars structure

H1 chart: interesting situation - Three-barsswings have not been formed, whereas two-bars structure is forming a noticeable northern consolidation prior to a possible momentum.

Three-bars structure against two-bars structure

Scenarious:

1) growth from the current levels above 124.57 towards 125.25

2) working on two bars swing down to H1 and then growth with the same goals.

solutions:

1) expecting three bars' downward swing and then buy based on the movement towards 125.25.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .