Developing the 5th wave of the downward impulse | 15 March 2016
15 March 2016, USD/JPY
The price has formed a presice horizontal triangle as the wave [iv], and at the moment is clearly set out to continue to drop pushed the fifth wave of the downward momentum. In anticipation of this event, I opened another Sell trade and now can only wait for when bears will reward me. So, the scenario on this pair remains unchanged, we are waiting for development of the wave v of the downward momentum.
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.
