Price closed above horizontal support resistance level. Set Buy Limit Order. Set entry at horizontal level. Note: Trend is up; Horizontal Level has 4 touches. EMA 10 EMA 20 has a positive slope.
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
Hi guys! These are the Forex pairs with the highest correlations! Leave a LIKE if you find these posts useful! Let me know what you think :)
Join me as I am teaching the basics of forex trading in hours!!! Clean tp on cadjpy last week as that was my final trade
CADJPY is still in the wxy model and the y wave is not over yet. Wait for a clear signal when wave c of (y) ends to sell. The end zone can be at the fibo 0.5-0.618 of the previous bearish wave. If you want more information please inbox me. Thanks
A demonstration of the K2 Trading Strategy for a valid K2 buy entry for CADJPY on April 6, 2020.
Looking at market structure and the channels that form those structures. Market is in a downtrend right now, some retracement may occur before trend continuation.
Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. CADJPY – Buyers in front of positive and save waves Trend: Strong Buy Support/Resistance: R4: 86.294 R3: 85.492 R2: 84.616 R1: 83.938 S1: 83.557 S2: 82.910 S3: 82.144 Price...
Dears, please, follow our instructions as mention on the chart. Good luck
CADJPY – Sellers will soon show good position for sell if the price will maintain below new resistance Trend: Strong Sell Support/Resistance: R3: 81.200 R2: 81.838 R1: 81.634 S1: 81.402 S2: 80.840 S3: 80.252 S4: 79.817 Price action: Market start showing potencial reverse flow, from buy to sell. We have to be carefull from now to the London section, but if...
We are in sellers territory and money spot on H1 and H4 but because of solid buy momentum on H4 we need to wait on break above or rejection from sellers territory. ELITEFXACADEMY
Trend: Strong buy Support/Resistance: R2: 83.867 R2: 83.548 R1: 83.125 S1: 82.785 Price action: Buyers rebounce hard after sellers retraced from supportical level at 82.785. Sellers might be quite for a while, till buyers complitally get tired. Next buyers targets will show us strenght and decision how sellers will react after. Potencial trade idea:...
Macroeconomic trends are represented in higher time frame charts. The trend and price analyses held secret opportunities for traders in lower time frames. I explain how I assessed the probabilities in my own unique methodology.