Southern determination | 01 September 2015
01 September 2015, USD/JPY
The daily chart: inside bar at the end of the upward swing, so we may expect development of downward phase down to the breakdown of the last bottom (116.17)
.png "Southern determination")
H1 chart: active formation of descending structure, we'll enter on an upward swing (approximately in the area of 121.00)
.png "Southern determination")
Expectations: So, we wait for decline and pullback to 121.00, where you can sell and keep a trade until break of 116.17
solutions: 1) Sales from 121.00 to 116.00 (extraday)
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.
