Charts247TradingAcademy

11:12

Charts247TradingAcademy

The downtrend has been confirmed after a break of 1.2466. We have just seen the Official Bank Rate in the GBP, the news summary is below: Bank Rate held @ 5.25% Monetary policy is working as expected and inflation is expected to reach its target of 2%. However, they do not feel the time is right to cut the interest rate. Andrew Bailey said he cannot...

11:57

Charts247TradingAcademy

The 15-minute timeframe is now a downtrend, we saw a completed wave structure yesterday. The pullback to that move is valid and we expect a follow-through. Having said that, the 1Hr timeframe is still not 100% Bearish, we need to see a break below 1.2466 before we can safely say the H1 is now bearish. The alternative Scenario is this; If the price should fail to...

08:11

Charts247TradingAcademy

USD/JPY The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure. This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete. Currently, our high probability trade is selling now to buy later. GBP/USD The Cable is bearish because we have...

20:00

Charts247TradingAcademy

This is a short mentoring/educational session. The USD/JPY is the pair we are trading this evening, I analyse this based on the mtf wave structure. I explained the importance of the secondary trend, as a determinant tool or information for what may happen in the future. I also shared one of my waves of success strategy using the DMI and the VMP for trade...

09:10

Charts247TradingAcademy

CAD/JPY The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability...

19:58

Charts247TradingAcademy

Plan your trades and trade your plans. Today we have the following rankings on the indexes: @DXY ++VE @EXY -VE @AXY --VE @SXY ++VE @JXY --VE @BXY --VE @CXY --VE @ZXY --VE Based on the above rankings, we came up with the following pairings. BUY PAIRS: USDJPY, USDCAD, CHFJPY, SELL PAIRS: AUDUSD,GBPUSD,NZDUSD,GBPCHF,AUDCHF The idea is to trade in the direction...

Charts247TradingAcademy

Hi Traders, Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside. However, immediately after participation, the traders will demand a discount. The simple reason is;...

06:36

Charts247TradingAcademy

Hey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend...

02:41

Charts247TradingAcademy

This is a quick update on the CAD/JPY. I mentioned this in the Weekly analysis I did yesterday. Apologies for the sound.

19:16

Charts247TradingAcademy

Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.

16:55

Charts247TradingAcademy

As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.

08:54

Charts247TradingAcademy

A quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...

08:39

Charts247TradingAcademy

The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330

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...