Greetings, fellow traders!
In today's weekly planning session, we emphasized the significance of focusing on the trading process rather than solely fixating on the outcome. It's crucial to prioritize the steps and strategies involved in trading for long-term success.
During this session, we delved into the portfolio selection process utilizing the CSI (Currency...
Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend.
The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...
I am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis.
As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the...
Today, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend.
Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now,...
Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI.
Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for...
The GBPUSD picture shows a downward bias, but we need to complete the ongoing upward trend first. A bullish wavestructure has been observed, but it is not yet finished.
Based on the wave count, we anticipate a Higher High above the current day's high before considering a strong short position.
For a long continuation trade, a good entry point would be around the...
The USDCAD has recently exhibited a trading pattern known as the internal structural reverse. This pattern serves as a robust indication of trend continuation following the completion of a wavestructure. The concept involves trading in the opposite direction when a second break of a structure fails to sustain the prevailing trend.
On Friday, there was a notable rebound in GBPUSD. The 15-minute chart displayed a completed upward wavestructure, indicating a positive trend. Additionally, a secondary pullback trend started on the same day, and the final leg of the retracement, labelled as (c), is showing signs of concluding.
At the current low, we observed a Market Structure Low reversal...
The USDJPY has to retrace some of the impulse to the upside, we have seen wave structure 0,1,2 and 3, this is an ideal opportunity to enter short at wave structure 4 expecting Lower low 5.
The price from ML 3 to 4 is a deep retracement of 76.4% of the last decline, knowing this we will target the T1(137.81)
Stop Loss: 138.55.
The GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached.
However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The...
We have observed a significant development on the daily chart known as a Structural Failure, indicating a potential shift in the trend. The price experienced a notable pullback beginning on Friday, and today, analyzing the daily candles using the 4Bar rule, we have noticed a stronger downward conviction on the 5-minute chart.
If the price remains below the 1DH...
A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone.
AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback.
Sell is the Call and we will use .6754 as the stop loss.
This morning we have a potential upside move in the EURUSD and the GBPUSD based on the intraday wave structure. However the USDJPY is currently showing signs of weakness above yesterday's high and a break back below the 1DH is a sell signal.
The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo.
The GBPUSD according to the wavestructure count has a strong indication of a bullish trend in the short-medium term. we have seen a retracement overnight to the Buy-Zone of the Fibonacci, and Bullish-Wavestructure -Two is expected to kick in from here.
Our risk for this trade is 1.2460
We have two Target areas: