HI BIG PLAYERS,
in this case study I present a bearish Wolfe Wave on USDJPY 4-hour Chart.
The risk-reward-ratio are 1:15. This mean for every 1 USD you can win 15 USD.
In addition, the rebounce was a few minutes ago exactly on the 1.272 (a typical rebounce fibonacci line by a Wolfe Wave pattern).
Furthermore, I am testing with the new Pinescript Version 4 the...
Hello traders! We had a beautiful rejection on this pair from this level. Based on dxy technical analisys, we are expecting a strong down move on audusd. Watch price action in lower timeframes before entering the trade.
TRADE WITH NO EMOTIONS!
CADJPY has done forming a contracting triangle pattern so now we are looking for downside.
Our entry is risky but with little stop loss and great potential.
P.S: This content is for educational purposes and discussion.
In my quest to better understand trend following and TA, I am embarking on publishing more ideas with strict regard to TA first, followed by fundamentals. I am doing this because I usually do the reverse. Normally I will look at a company that I believe is undervalued or overvalued, and then I will look to the charts to see when a setup could be had. This time is...