Cautious purchases | 04 April 2016
04 April 2016, USD/JPY
The considered pair sticks to our scenario.
As we expected, the pair continued to decline, and has almost reached Low to form zigzag as the wave ii of the emerging upward impulse.
Based on expectations of further growth of the pair, we made a cautious attempt to buy with a stop loss at a local Low.
Since the future the price will grow, the balance of risk and potential profits looks very attractive very well.
In the future, my trade will be transferred to the breakeven at the earliest opportunity
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.
