Fxprotrader
Short

CADJPY: End Of Correction Signals Sell Trade

FX:CADJPY   Canadian Dollar / Japanese Yen
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.. :)
Trade active:
Comment: The chart that i post with the setup is a little messy, so i redraw it, so to be more clear
Still didn't spike to down yet..
Reply
It may consolidate in the red zone for a while..
Reply
Lacin Fxprotrader
Waiting :) Thanks a lot dear
Reply
VERY NEAT! :) thanks for sharing, I am in for this trade..
Reply
Ok, good luck..
Reply
fxfxfx Fxprotrader
closed manually, want to wait and see what happens at 78.15 :)
Reply
Dear how to draw these central 2 lines?? What are these 2lines, please elaborate.
Reply
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)
Reply
arshadd Fxprotrader
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
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out