On 
USDJPY, the market is bearish and moves downtrend. It makes Higher Low and Lower Low last 7 days. However, there is an impulse leg, where correction is expected before it break the structure low at 122.256. It is also acted as support on few occassions and it is expected that the big orders are placed around that level which bounce the price up.
In addition, there is a Valid Gartley pattern, which increase the probability of this set up. Slow loss should be put below X leg (Structure low).
T1 - 38.2%
T2 - 61.8%
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TOP 10 Forex Broker: best10forex.com
TOP 10 Binary Options Brokers: binaryreviewed.com
USDJPY, the market is bearish and moves downtrend. It makes Higher Low and Lower Low last 7 days. However, there is an impulse leg, where correction is expected before it break the structure low at 122.256. It is also acted as support on few occassions and it is expected that the big orders are placed around that level which bounce the price up. In addition, there is a Valid Gartley pattern, which increase the probability of this set up. Slow loss should be put below X leg (Structure low).
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
TOP 10 Forex Broker: best10forex.com
TOP 10 Binary Options Brokers: binaryreviewed.com
Note
R1 Hit, Half position closed.Note
T2 Hit. Nice Trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.