Decline to 117 figure | 08 September 2015

08 September 2015, USD/JPY

The daily chart: expressed dynamics of price movement to the bottom Bollinger band (117.26)

Decline to 117 figure

Н4: horizontal envelopes with active ADX. Apparently, bears will pass through standard scheme "Break of the bottom envelope - return to the middle band - main phase of decline." We can sell the pair at the second step (on its return to middle band 119.74).

Decline to 117 figure

Н1: a similar situation, but Southern determination is very strong. So do not wait for retracement higher than 119.34

Decline to 117 figure

Expectations: drop to 117.26. You can enter this drop on a local pullback to 119.34.

solutions: We sell from 119.34 to 117.26.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .