Bearish Karma | 25 August 2015

25 August 2015, USD/JPY

The daily chart: a massive swing down without any sign of the end. simply nowhere to go, so you have to wait for a signal tomorrow (or on the lower frame). Previously, trading tactics will be expectation of rising swing to sell on the top

Bearish Karma

H1 chart: identical pattern - long swing down and no corrective swing upwards. Until there is no ready pattern, there are no reasons to open trades.

Bearish Karma

Scnearious:

1) Continued decline from current levels to new Lows.

2) Roll back up to 120.40 and then a new swing down on the breakout of the last bottom (116.17)

solutions:

1) Sell from 120.00-120.46 with the target 116.00

Aleksey Panasenko
FreshForex Analyst
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