Fxprotrader
Short

Great Example To Understand Waves

FX:CADJPY   Canadian Dollar/Japanese Yen
705 13 32
Wave patterns repeat in any chart over and over again. This daily CADJPY             is a great example of this process. Price is in a corrective structure and has broken above a short term downtrend with a sharp move. We should wait for a correction and buy the market aiming to the long term downtrend. At that level we should watch for a sell setup and ideally should wait for this overall correction to be over with a breakout below it.
what we expect now a move or a broken trend .?
Reply
We have to wait.. If we see a breaout below just wait for a correction and sell depending your strategy.. I will update if we have a setup..
+1 Reply
Hiisham Fxprotrader
depending in my strategie I'm expect a correction up
Reply
Amazing sir!!
Reply
Fxprotrader guti142008
Thank you sir!
Reply
I don't think so! I m looking for a buy setup!
snapshot
Reply
Fxprotrader Zohaib_Malik
Perhaps you didn't looked my chart carefully.. I have described a potential buy setup first before looking for a sell. Price is moving up sideways which makes me believe that this is a correction and a new impulse is coming. Thanks for your chart, it looks very good. Have a nice trading week!
Reply
Zohaib_Malik Fxprotrader
Yeah I saw but I can't edit the comment!
Thanks
Reply
Fxprotrader Zohaib_Malik
Ok no problem at all.. Thanks for your comments..!
Reply
perfect analysis !
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out