Fxprotrader
Short

CADJPY: End Of Correction Signals Sell Trade

FX:CADJPY   Canadian Dollar/Japanese Yen
7 months ago
Price broke below the corrective structure it was moving in, making us look closer for a sell setup completion. Most likely it will retrace to test the downslope median line at the same level of the broken support of the correction.

Like and follow for updates.. :)
7 months ago
Trade active:
snapshot
7 months ago
Comment: The chart that i post with the setup is a little messy, so i redraw it, so to be more clear
snapshot

Rebounds

arshadd
7 months ago
Dear how to draw these central 2 lines?? What are these 2lines, please elaborate.
Reply
Fxprotrader arshadd
7 months ago
If you talk about the purple ones, these are slide parallels of the median line. If you talk about the dashed black ones, these represent a corrective pattern ( a channel in this situation)
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arshadd Fxprotrader
7 months ago
Yes dear talking about median line and its parallel line... How to draw this median line , what is the refrence to draw this median line... Please don't mind if this question seems to be silly.. Because of my lack of knowledge..
Thank u for replying.
Reply
Fxprotrader arshadd
7 months ago
It's a little difficult to explain you how to use median lines in a comment.. The basic idea is to identify price slope and trade with it..
Reply
arshadd Fxprotrader
7 months ago
Thank you.. I'll googl this
Reply
fxfxfx
7 months ago
VERY NEAT! :) thanks for sharing, I am in for this trade..
Reply
Fxprotrader fxfxfx
7 months ago
Ok, good luck..
Reply
fxfxfx Fxprotrader
7 months ago
closed manually, want to wait and see what happens at 78.15 :)
Reply
Lacin
7 months ago
Still didn't spike to down yet..
Reply
Fxprotrader Lacin
7 months ago
It may consolidate in the red zone for a while..
Reply
Lacin Fxprotrader
7 months ago
Waiting :) Thanks a lot dear
Reply
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