Fxprotrader

USDJPY: Pending Bullish Gartley At Slide Parallel Of Median Line

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Price is in a corrective structure forming wave BC wave after an impulsive downmove (AB wave of the pattern) and is expected to drop for another impulsive and complete the last wave CD of a bullish gartley pattern with it's D point at a slide parallel of a median line. Trading using median lines is better going with the slope of the price. This setup is against it but median lines most of the times act as a level where price ends its previous move.

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