The pair is preparing for a further drop | 01 October 2015

01 October 2015, USD/JPY

The pair is preparing for a further drop

At the moment, we can say that formation of the horizontal Triangle as the wave [iv] has been completed.

The pair is preparing for a further drop, which is caused by development of the wave [iv] of downward momentum.

Thus, I still keep a Sell trade open and can even add another one to it, because probability of a further decline is still very high.

 preparing for further reduction.

Vasiliy Lukin
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 .