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exploration
Aug 8, 2012 11:26 PM

Double Bottom Ready for Break Out CAD/JPY Long

FX:CADJPY1D
Canadian Dollar/Japanese YenFXCM

Description

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Double Bottom Ready For Break Out ...price action has moved upward and out of the Ichimoku Cloud maybe a move to 80.20... i would use the pivot method idea.... see my charts on how to use the pivot method and follow my charts by clicking on the follow button. Thank You.

Ichimoku Cloud method i think its a easy method to add with the pivot method.... A video on the Ichimoku Cloud method youtu.be/k-XG77_cooQ
Tips on Trading Double tops and Double Bottoms informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
Comments
exploration
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This is a link to a 5 min chart showing price action on the break out from the double bottom..lots of pips tradingview.com/e/kkTwYtrS/
exploration
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Price action reach a high 79.46...its a good breakout from the double bottom a pull back on one hour chart to 79.12 from 79.46 pull back +34 pips.
exploration
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A Bull Candle is breaking out of the Double Bottom
exploration
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CAD/JPY R2 has been hit at 79.3167 and is moving towards R3
exploration
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Price action has hit R1 at 79.0865... one hour chart looks good for trading pullbacks
exploration
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I will wait to see what will be....Tips on Trading Double tops and Double Bottoms informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
rodrigosmarts
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Disagreed.
exploration
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My Pivot numbers are P is 78.7622... R1 is 79.0865...R2 is 79.3167...R3 is 79.641... S1 is 78.532...S2 is 78.2077 ....S3 is 77.9775

This is free pivot calculator babypips.com/tools/forex-calculators/pivotpoint.php This link has tips on the pivot method and the math on how to caculate the pivot numbers babypips.com/school/how-to-calculate-pivot-points.html This persons video explains how to use the piviot method in detail youtu.be/nvMhj3n01D8 and this person explains in a video Pivot Point Strategy youtu.be/0D_O6ZeRRn8
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