Art_of_Trading
Long

USDJPY: Valid Gartley

FX:USDJPY   U.S. Dollar/Japanese Yen
On FX: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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Comment: R1 Hit, Half position closed.
Comment: T2 Hit. Nice Trade
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