Fxprotrader

NZDJPY: Pending Bearish Gartley At Upper Parallel

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Having idetified a valid downslope, better seen at the upper quartile of a the modified schiff where we previously had multiple rejections, we now have a pending bearish gartley pattern with it's completion at the upper parallel of the median line. Sl and tp as shown at the chart, with median line being another option. If price reaches the first target we may move sl at breakeven for a second risk free trade.

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