On
USDJPY
, the price is bullish last few hours. Buyers are in control of the price. Its going close to structure high at 123.239, which is a resistance level. It acted as support, but after break out it became the new resistance level. It is more likely that buyers will take their profits close to that level and sell orders will be placed there too. Both cases, the price drop will be expected.
Moreover, the valid gartley pattern increase the probability of this set-up.. X leg starts at the resistance level. The market has finished last D leg and it gives a signal to go short.
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
USDJPY
, the price is bullish last few hours. Buyers are in control of the price. Its going close to structure high at 123.239, which is a resistance level. It acted as support, but after break out it became the new resistance level. It is more likely that buyers will take their profits close to that level and sell orders will be placed there too. Both cases, the price drop will be expected. Moreover, the valid gartley pattern increase the probability of this set-up.. X leg starts at the resistance level. The market has finished last D leg and it gives a signal to go short.
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:
Enter the trade
Comment:
T1 is Hit, T2 not yet. Half profit take. Patience is the key.
