Sales at the end of the upward swing | 04 September 2015

04 September 2015, USD/JPY

The daily chart: we can still expect developing of the inside bar at the end of the upward swing, so the more promising are entries down.

Sales at the end of the upward swing

H1 chart: an approved descending structure. Skip swing up and sell along the trend. Estimated depth of the correction - zone 119.80-120.00

Sales at the end of the upward swing

Scenarios: So, we wait for the rollback to 119.80-120.00 and sell with targets under the support 119.10

solutions:

1) Sales from 119.80-120.00 к 119.00 (or in the medium-run under 116.00)

Aleksey Panasenko
FreshForex Analyst
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