USDJPY possible move to the downside

2016年10月16日

This is my view of how this pair will behave after the corrective structure will be over. There is a high probability to go for another impulse down before it turns to the upside. Anyway, a clear sign must be awaited and only after it we can say that a confirmation was made and go short.

Remember: you should enter these type of trades only if you have an understanding of the wave structures that are developing. Do not try to pick tops or bottoms as I saw in case of many trade ideas published here, wait for a confirmation before you act!