CADJPY: End Of Correction Signals Sell Trade

FX:CADJPY   Kanadischer Dollar/Japanischer Yen
Price broke below the corrective structure it was moving in, making us look closer for a sell setup completion. Most likely it will retrace to test the downslope median line at the same level of the broken support of the correction.

Like and follow for updates.. :)
Trade ist aktiv:
Kommentar: The chart that i post with the setup is a little messy, so i redraw it, so to be more clear
Still didn't spike to down yet..
It may consolidate in the red zone for a while..
Lacin Fxprotrader
Waiting :) Thanks a lot dear
VERY NEAT! :) thanks for sharing, I am in for this trade..
Ok, good luck..
fxfxfx Fxprotrader
closed manually, want to wait and see what happens at 78.15 :)
Dear how to draw these central 2 lines?? What are these 2lines, please elaborate.
If you talk about the purple ones, these are slide parallels of the median line. If you talk about the dashed black ones, these represent a corrective pattern ( a channel in this situation)
arshadd Fxprotrader
Yes dear talking about median line and its parallel line... How to draw this median line , what is the refrence to draw this median line... Please don't mind if this question seems to be silly.. Because of my lack of knowledge..
Thank u for replying.
It's a little difficult to explain you how to use median lines in a comment.. The basic idea is to identify price slope and trade with it..
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