USDJPY: Wave & Median Line Analysis Show Sell

USDJPY is in a downtrend, with price having broken below a corrective structure after an impulsive wave to the down. It's now in a consolidation testing a slide parallel of a downslope median line. At that level we may go short with stoploss and profit targets as shown at the chart. If price reaches the first target, move stoploss at BE to the second position.

Trade fermée manuellement:

Price has broken way above the slide parallel and it'not clear any more where it will head. We close the trade manually with a tiny profit.