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Waiting when the price will hit level (4/8)

Waiting when the price will hit level (4/8) | 16 September 2015

16 September 2015, USD/JPY

We are waiting for the price level (4/8)

The four-hours chart of USDJPY . A local upward correction is developing. We expect its completion at current levels, and resumption of the downward movement with the target based on the main level of support / resistance (4/8). This will be cancelled by breakdown of the Day SuperTrend line from bottom to top.

Trade Solutions: sales from four-hours Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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