A confidently descending structure | 31 July 2015
31 July 2015, USD/JPY
Daily chart: as we see, the price continues to steadily work out on bearish pinbar to move down, so, we are waiting it to reach 1.54 within the frames of the current swing
.png "A confidently descending structure")
Hourly chart A confidently descending structure. You can add a Sell position at a closer upward swing.
.png "A confidently descending structure")
Scenarios: continuation of a decline. Chance of a slight pullback to form the upward swing.
Trading solutions:
1) We are holding sales to 1.54
2)On the event of a rollback up to 1.5587 area, we will be looking for a signal to refill the position down.
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.
