CADJPY is in a 240m corrective structure Currently its making a move up which will break the previous top but I don't think so that this up move will break the structure. One more down is still possible before the big move up! So U can buy it in 60m flag for up move then wait and see if it goes or not.. We have one more down to break the previous lows.. Keep an eye on it Pretty similar to EURJPY structure! Thank you Keep following and support
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hao.deng.m
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I think you are better than Anil.
lemezohaib
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@hao.deng.m, Thank you for your kind words but he is senior than me and I always appreciate and follow his work!
ernstschwarz
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Thank you. More people should see this.
ernstschwarz
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Hi Malik, I know it is good common for wave traders of all kind to asume at first so draw the correction channel like you did in the update (1-2-3 were endpoint of 3 takes out the endpoint of 1 and all are happy).
But what about this?
I miss the deeper correction after the breakout/impulse and I looked for clues how to identify very early how the channel is doing to be formed.
Asuming the beautiful idea that this fractural and structural wave thing is nature and the nature is repeating itself
then it should be fact that
> identifying a given early enbryo in development as a chicken embryo (which is in early stages not easy because they do not look very different from early fish/humans/horses...) may be hard and the observer may say "we need to see how it develops and it will tell us" (like the wave traders).
> but: the chicken embryo knows exactly what it will become and what it does at what time to become a proud chicken.
> read: structure is predefined / the result is predefined. so find the clue.
and my clue comes from the impulse itself (see area, and see the fact that we know that a deeper pullback at one point of the other is just a healthy sign)