Decline within the fifth wave | 22 January 2016
22 January 2016, USD/JPY
The considered pair sticks to our scenario.
We assume that currently it is forming the wave iv of downward momentum.
Thus, in the near future, there is a high probability of resumption of decline caused by the wave v.
Based on these expectations, I opened a Sell trade with a relatively small stop.
We assume that currently it is forming the wave iv of downward momentum.
Thus, in the near future, there is a high probability of resumption of decline caused by the wave v.
Based on these expectations, I opened a Sell trade with a relatively small stop.
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.
