Looking for the entrance to the upward day swing | 29 September 2015
29 September 2015, USD/JPY
The daily chart: a downward swing required for a new start-up, lacks only one downward intersection and we are waiting for this intersection today. At the same time, bulls can not lose support 119.05
.png "Looking for the entrance to the upward day swing")
H1 chart: for more confident purchases, trading down-up-down is desirable. This will allow to filter out the upward signal better. But we are relatively close to the target, so an additional upward swing might not happen.
.png "Looking for the entrance to the upward day swing")
Expectations: decline to 119.41 and new swing up above 120.00
Trade solutions:
1) Buy from 119.41 to 120.00, 121.00 (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.
