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.
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.
The screencast shows an interesting ranging pattern in an imperfect channel up. Price is now at a potential structure level.
In the screencast I start off with the USDollar index and look at the Yen. The US Dollar strength affects 'everything': forex markets, stock markets, and commodities. There are inverse correlations. Most of the times the DAX doesn't like a strong Euro, Wall Street doesn't like a strong Dollar, and the NIFTY doesn't like a strong rupee. There are reasons for...