USDJPY: Short Term Buy Opportunity Based on Median Line Analysis

Having a very active median line set, with price slope being pretty valid, we see now price testing a slide parallel, which has acted both as resistance and support. Buying from current level is a nice idea with a sl below previous structure and tp the quartile of the pitchfork

Kommentera:

While writing down the description of this post price looks like moved some pips up. Trade is active, no need for a retrecement to the entry level..