Happy Friday traders! Great to see everyone survive another week in these wild wild markets! Last night we were looking for a potential bullish 2618 trade to occur here on the USDJPY as a more conservative approach for those looking to get long.
If we get a completion, it would also represent the "C" leg of a potential advanced gartley formation providing traders with the opportunity to ride price up and then stop & reverse for a move back down (assuming it fits your plan).
We had a nice move on the previous 2618, but now it's pretty difficult for me to get a read on what Yen's next move is. There's not clear level of major support present so when talking to traders about this pair, we've been going over using a cautious approach.
Have a great weekend and also, lately I've been taking votes for what pair you'd like me to analyze in my Forex market Preview video. So if you have one that you like shoot it in the comment section below before Sunday!