Waiting for short signals | 21 October 2015
21 October 2015, USD/JPY
The daily chart: So, the upward swing is ready, which means that sellers may soon begin to actively participate in the new downward swing in the overall downward structure. Bears should not let breakthrough of 120.56
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H1 chart: Locally we have yet uptrend, so you will need some patience to wait for the best sell signals.
.png "Waiting for short signals")
Expectations: So, we wait for the sell signals not higher than around 120.50
solutions:
1) Waiting for short signals on Н1 and sell with stops above 120.60. In the best case, such a signal can give about 100 points today, and almost 350 points during the week.
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.
