Charts247TradingAcademy

Charts247TradingAcademy

The rally that happened in the Cable due to the news has seen a follow-through that created the Bullish MH3 (Green Wave). This trend however has been weakened by the pullback of Structure 4. This price has traded below the prior Structure 2. Having said that, the price is still firmly trading in the Buy Zone of the Fibonacci measured from the low to the high of...

09:55

Charts247TradingAcademy

The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish. We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH. Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci. If the price manages to trade above...

20:00

Charts247TradingAcademy

Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been...

17:24

Charts247TradingAcademy

This is a quick overview of the currency pairs. We had a busy day of important Economic News and reports yesterday, so we should anticipate a reaction to that news.

12:28

Charts247TradingAcademy

Trade what you see not what you think! We had a nice sell today on the CAD/JPY, this trade was accelerated by the CPI news and the CAD Monetary policy news. The outlook now is bullish based on the wave structure count on the H4 chart. The price has now printed a momentum high 1 (Resistance) followed by a structural point 2 (Support); which is a buy point. Using...

05:02

Charts247TradingAcademy

Momentum precedes prices. Yesterday the CAD/JPY broke down sharply below key structural points. The discounting in price (Retracement) was very deep and slow. Now, based on the reappearance of the 4th structure (Blue Dots) which to us indicated that we can now look for a sell setup. We executed a sell using the WT Candle plus break of the London session market...

08:50

Charts247TradingAcademy

Hi traders, I will be posting some of my trades on the_leap competion. I basically look at the wave structure of the market and decide trades based on the information we get from the price. Here is my first trade on the #EURUSD currency pair. Let me know what you think guys. Trade safe.

19:45

Charts247TradingAcademy

This trade is still ongoing. We are buying the CADJPY in the short term with a possibility of selling if the current momentum fail to take out the 1DH. Enjoy!

02:32

Charts247TradingAcademy

The key is to count the waves correctly. Once we have an extension, we can use the Fibonacci tool to validate and set our entry traps. Enjoy.

20:01

Charts247TradingAcademy

Greetings, fellow traders! In today's weekly planning session, we emphasized the significance of focusing on the trading process rather than solely fixating on the outcome. It's crucial to prioritize the steps and strategies involved in trading for long-term success. During this session, we delved into the portfolio selection process utilizing the CSI (Currency...

07:16

Charts247TradingAcademy

Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend. The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...

17:31

Charts247TradingAcademy

I am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the...

12:07

Charts247TradingAcademy

Today, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend. Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now,...

19:52

Charts247TradingAcademy

Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI. Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for...

10:35

Charts247TradingAcademy

The GBPUSD picture shows a downward bias, but we need to complete the ongoing upward trend first. A bullish wavestructure has been observed, but it is not yet finished. Based on the wave count, we anticipate a Higher High above the current day's high before considering a strong short position. For a long continuation trade, a good entry point would be around the...

06:09

Charts247TradingAcademy

The USDCAD has recently exhibited a trading pattern known as the internal structural reverse. This pattern serves as a robust indication of trend continuation following the completion of a wavestructure. The concept involves trading in the opposite direction when a second break of a structure fails to sustain the prevailing trend. Enjoy!

Charts247TradingAcademy

On Friday, there was a notable rebound in GBPUSD. The 15-minute chart displayed a completed upward wavestructure, indicating a positive trend. Additionally, a secondary pullback trend started on the same day, and the final leg of the retracement, labelled as (c), is showing signs of concluding. At the current low, we observed a Market Structure Low reversal...

Charts247TradingAcademy

The USDJPY has to retrace some of the impulse to the upside, we have seen wave structure 0,1,2 and 3, this is an ideal opportunity to enter short at wave structure 4 expecting Lower low 5. The price from ML 3 to 4 is a deep retracement of 76.4% of the last decline, knowing this we will target the T1(137.81) Stop Loss: 138.55. Enjoy!