FX_IDC:CADJPY   Canadian Dollar / Japanese Yen
72 3 3
Comment: Weekly,
Comment: Daily and Weekly target are the same
Trade active: for Pattern traders, H&S
Comment: Adding Second trade after the correction
Comment: We have and impluse which is wave A, we nee to B and finish C to create a gartley pattern
Comment: UPDATED Structure again, we saw a flat and divergence,
Trade active
Comment: UPDATE:
Comment: easy trade, beware of the targets
correction extended
Thanks for your analysis!
Here is my view on CAD/JPY if you are interested:

Based on Market Profile (volumes) and Price Action there is very strong swing support at 84.261. The market is in a strong uptrend and this is the closest strong support in the way up. If the market makes a trend correction I will go long from there.
In this support zone there are cummulated heavy volumes of big players who drove the price higher - you can see that in the Cummulative volume profile shown on the right sideof the chart.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there.
ThatoTumelo Trader_Dale
@Trader_Dale, Hi I only work with fibo and elliot wave I dont do support although I check it but its not part of my strategy, I think wave c of a flat is done let's wait for today's closing candle and see. We might get Marubozu candle pattern(* my trades are not based on patterns but structure and sequences & wave cycles)
+1 Reply
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