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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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: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
Comment:
R1 Hit, Half position closed.
Comment:
T2 Hit. Nice Trade
