Three-bars structure against two-bars structure | 18 Agustus 2015

18 Agustus 2015, USD/JPY

D chart: we are still waiting for a full completion of the downward swing to be able to buy along trend in the upward direction with favorable Stop Loss levels

Three-bars structure against two-bars structure

H1 chart: interesting situation - Three-barsswings have not been formed, whereas two-bars structure is forming a noticeable northern consolidation prior to a possible momentum.

Three-bars structure against two-bars structure

Scenarious:

1) growth from the current levels above 124.57 towards 125.25

2) working on two bars swing down to H1 and then growth with the same goals.

solutions:

1) expecting three bars' downward swing and then buy based on the movement towards 125.25.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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