Hello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. This support also coincided...
There is an Ascending broadening Wedge formation in 4hour time frame. As, the prices are trading in the Pattern we can make a sell Call and make profit
With market sentiment at 79% long and it not being able to break zone, has rejected the zone quite a few times now. Will wait for zone to be rejected again and will short this. Zone lines up nicely to .50 and .618 fib levels. Will see how it plays out, letting the market come to me before making any trade. If I don't see rejections I won't trade it.
Cadjpy pairs has formed down symmetrical triangle pattern, in 4 hr chart, it suggest that this pair may see downtrend upto I st of the new month
Buy it there is a good chance of trend reversal
ANY DOUBT FELL FREE TO DM ME. PRACTICE FOR AT LEAST 1 HR LOOKING FOR THIS PATTERN ..SEE WHERE IT OCCURS MOST OF THE TIME, IT WILL NOT BE PERFECT .
Market is forming a bear flag which clearly is telling us that it is going to continue to go short. Thank you to all those who have sent me private message and been following me. Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators. And started to earn good profits as I have told you on what to...
Price is forming a descending channel pattern and hence market is giving us a clue that it is going LONG soon. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. If you look at my previous trades, 90%...
Price is likely forming a expanding triangle enter will wait for the 3rd touch to form before entering short. Would be nice if it also forms a pattern with in a pattern formation. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the...