We should sell ​​on the upward swing | 02 September 2015

02 September 2015, USD/JPY

The daily chart: the swing down has been shaped, but refinement of the inside bar is not complete. I assume that markets will remove & break-even orders of bears prior to a new phase of decline.

We should sell ​​on the upward swing

H1 chart: we shall skip the upward swing and sell. The best option, if the move takes place in the area of ​​121.00, then sellers will lead the price to the breakdown of support 119.23

We should sell ​​on the upward swing

Scenarious: So, we wait for a slight increase and then sell to 119.00

solutions: 1) We sell to 119.00 after a rollback to the zone 121.00.

Aleksey Panasenko
FreshForex Analyst
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