SL & TP as shown in the chart. If price reaches the 1rst TP we move SL at BE to 2nd position.
Validation of the upsloping median line:
Divergence. The uptrend is losing it's momentum:
Weaking of current uptrend. Resistance has stepped down (sliding parallel of ):
Key consists of long term weekly downtrend and sliding parallel of median line:
completes into the resistance zone:
** Below you may find the link of my USDJPY pattern drawn in the same fashion as the one of this post. It's already giving us 200+ pips profit and it's still has a good way to go.
All the best,