FX:CADJPY   Canadian Dollar/Japanese Yen
10480 50 231
7 months ago
Hello Traders, if you were in my free webinar where we looked at all the Yen pairs you would remember this down forecast. Hope some of you got it.
if you are not in, then wait for a 240 correction and i will post the update for the sell setup.

Trade with care.
Thanks for your support.
7 months ago
Comment: YouTube link : https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
7 months ago
Comment:
snapshot
7 months ago
Comment: the cadjpy is making a bigger correction
snapshot
7 months ago
Comment: wait for a lower degree impulse to the down side first then a correction before any sell
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
NHTG PRO
7 months ago
Nice Anil, hoping for that pullback!
+1 Reply
Peter_238
7 months ago
will watch this..thanks anil
+1 Reply
Miz
7 months ago
thanks Anil! lets get it togeather!
+1 Reply
ernstschwarz
7 months ago
Yes i m in smoothly. Wondering what happenes when a deep correction comes. Would est nearly all profits just to let me then reenter or scale in. Short term tp?
+1 Reply
Cazzie
7 months ago
I could kick myself Anil.
I sold this pair and other Yens on the daily, then for some strange reason thought the downtrend had almost finished.
Closed all my trades - sad or what ?
The weekly is very clearly in a down trend.
+1 Reply
EdW Cazzie
7 months ago
That is still better than missing the break and waiting days for a consolidation but only seeing it going further down......
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Cazzie EdW
7 months ago
Yes EdW, I agree. Did manage to make a load of pips regardless of my stupidity :)
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anilmangal TOP Cazzie
7 months ago
you need to have more confidence in your analysis, that is what I am training my traders to do !!! If you have a clear picture of what the structure should do then you will have confidence.
+3 Reply
Cazzie anilmangal
7 months ago
Fully agree Anil.
I'll try harder.
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Miz anilmangal
7 months ago
I have been in AUD/JPY since the breakout and have confidence it will go to the bottom of the channel so will continue to hold till 75. Thank you so much for everything Anil, you have instilled both knowledge and confidence in my analysis and its further supported with your incredible analysis.
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ernstschwarz anilmangal
7 months ago
For me it is hard to have confidence because i often get the waves wrong. I expect one more to come then it does not, i expect breakout after nice completion of waves and... no breakout. I stick to the idea commonly tought that triangle is most cases a trend continuation pattern,and bam! sure thing that time it isnt ... and so on.
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j_amui
7 months ago
Please what is the meaning of a 240 correction. I am a beginner trying to learn. Thanks
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anilmangal TOP j_amui
7 months ago
A corrective structure on a 240 chart
+3 Reply
anilmangal TOP anilmangal
7 months ago
I guess it's a simple way i put it for my traders when i want them to look for higher degree corrective structure .
+3 Reply
j_amui anilmangal
7 months ago
Thanks will be watching
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bobbysims3 anilmangal
7 months ago
Looks almost like it has changed trend direction. Im a newby as well. So will it resume this upward motion once trading momentum picks up? Or will it go back down like previous
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ernstschwarz
7 months ago
Thanks for the links again and for youtube upload. I enjoyed your webinarswebinar and liked what you say about moneymanagment (not having e.g 10k but only 3k taking psychological problems into account) What i did not like that much was bashing against pinbar trading because everyone who trades them knows that it needs additional aspects to come along with them like being at trendchannel borders or /and in overbought/oversold areas (eg outside of bollingerbands or some RSI ...) But i think i got your point: your charts are simple, no fancy or less fancy indictors, ...then patience, experience,patience again, timing, trading plan, moneymanagemen,, shot and strike! One Mythos beer on you now! Cheers!
+1 Reply
anilmangal TOP ernstschwarz
7 months ago
Hi, Thanks for your comment , but i was not bashing pin bars trading, I was saying it'd trading the "design" of the charts and not the "information in" the charts. One simple way to know this is just change the design from candlestick to line charts and what happens to the pin bar strategy? Hope you see my point.
+3 Reply
AnasHelios
7 months ago
always missing youre webinars ,i hope that i can catch someone later
+1 Reply
Lindsay PRO
7 months ago
On my 4th day into this trade, your analysis gives me confidence to stay in for the rest of the ride, risk free trading actually in the race rather than on my way to them. Thanks Anil.
+1 Reply
javiee11
7 months ago
Nice!
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gcplau
7 months ago
sorry for side tracking question.... how do I follow/subscribe to a single chart idea of a particular trader? (usually the "eyes" icon are greyed and can't click on it)
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EdW gcplau
7 months ago
click on the "star" on left side in the chart
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gcplau EdW
7 months ago
Thanks EdW, what will happen if I click on the "star" (favorite) icon ?
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EdW gcplau
7 months ago
you will get a notification on right side of screen (light bulb) when the trader updated his chart or added comment. By the way: "eyes icon" is only a message how many people watched at the chart
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MarlyForex
7 months ago
I for sure agree Anil! This is my idea
CADJPY -- OUTLOOK [CLEAR CUT SHORT] 350 PIPS!!
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Ozayevable
7 months ago
any update on this one, Anil?!
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Mutiso
7 months ago
how deep is this correction?
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Mutiso
7 months ago
Anil, I hope we are still in a downtrend on this one. Jumped in quite early on the short.
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emreakarca0088
7 months ago
Looks like moving to top of the trendline.. and then break... on lower timeframes you can see correction..
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Callaghanind
7 months ago
Please update if the Bounce does happen. I didn't get to catch this earlier
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Peter_238
7 months ago
thanks for the update anil ;)
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txks for heads up on sell:)
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Adriese PRO puretradelife
7 months ago
I think it's finally time for it to go down!
+1 Reply
puretradelife PRO Adriese
7 months ago
got kicked out many times yestarday, from this one on the way move, though, have to catch the right one, finally
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anilmangal TOP puretradelife
7 months ago
It has not been broken as yet.
+1 Reply
puretradelife PRO anilmangal
7 months ago
ok, waiting :)
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Miz
7 months ago
It has finally broke out? correct?
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look for another best trade forecast by anil sir...cadjpy. Broken..trend after deep pullback...
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aaahmed12
7 months ago
Hi Anil, will this pair be having any more sell set ups?
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Cazzie
7 months ago
The bullishness in this pair continues to be quite strong,
but the down move is due for which I'll sell and do so gladly.
Appreciate the trades you work on and post Anil.
You want what we want; lets hope the markets want it too.....Success.
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SUNJUPMER PRO Cazzie
7 months ago
Cazzie had the CADJPY broke the upper trend line?
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Cazzie SUNJUPMER
7 months ago
Not yet, but close.
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Miz Cazzie
7 months ago
I believe it will break the lower trendline and make an impulsive wave down. I still see the one last move down.
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Cazzie SUNJUPMER
7 months ago
Yen's Starting move down. Remember they will come back up on a test, then fall.
You should join Anil's Training and gain a great deal of Insight.
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Miz Cazzie
7 months ago
Are you in Anils programme? Also I see the down move has started and this is the move back up for a test? So it should fall now?
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Cazzie Miz
7 months ago
Yes Miz, I have signed up for Anil's Training Course.
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Miz Cazzie
7 months ago
I sent you a Private Message on TradingView :)
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McFearless
7 months ago
im really anxious to see this one drop!! nice Anil!
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RomanBeljak
7 months ago
will this thing ever go down?
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