Situation is more knotty | 10 March 2016
10 March 2016, USD/JPY
Dollar has strengthened from the last trading day.
And if this growth means nothing it is possible to spend time before further impulse decrease.
Now chart of price movement is very similar to horizontal triangle after which we are expecting prompt but quick impulse decrease.
But horizontal triangles formed into forth impulse waves or as waves b and x (xx) in correction models. Our situation doesn’t match to any one of this. So it is a big possibility that the marking would be changed.
When there is no confirm of development of horizontal triangle this possibility is actual.
Trading in this situation is not recommended.
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.
