Alexander_Nikitin
Long

A little bit of zigzag retracement before trend continuation

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey, traders. Another example of TCT trade from my live trading room. Stops and targets are on the chart. So you can see not only the idea but also the way this idea can be exploited to extract money from the market. Hope you enjoy it))
This pattern was found with Pattern Search Software (c)
Visit my website for details: http://www.ps-software.net
Watch the explanation video: https://youtu.be/ppv8d73SOGw
Best regards, Alexander Nikitin.
Fulltime professional trader and programmer.
heavenbird92
8 months ago
sorry sir
I don't understand it , but tell to buy or sell it ?
what is the target point ?
How long?
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Alexander_Nikitin TOP heavenbird92
8 months ago
Hello. Ok, mate. I just don't have words..... Hahaha..... Try to move your cursor to those red or green rectangles))
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hanikad
8 months ago
All of this is understandable, please explain more than that, and thank you
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Alexander_Nikitin TOP hanikad
8 months ago
Do you see two triangles? The second is projected to the future. All the way down to 78,6 retracement. This is the level where the pattern will be completed. If price goes to this level then I will buy. If not than not. My red line of 1 is my stoploss. My -0,272 line is my target. I also put the position analyzer tool here. It looks like green and red rectangles. The line between green and red is the entry. If price goes against me it will go into a red zone. If it goes in my favour it will go into a green zone. If you place a cursor on this position analyzer tool the words will appear. These words are "target", "opened" and "stop". If you don't know anything about this type of patterns then you'd better find some information before trying to trade my ideas. If you want to know more about my approach feel free to contact me in private messages))
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