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Trendchagingpattern

Trend Changing Pattern (TCP) in Action: Live ExampleHey traders, Following up on yesterday’s lesson about the Trend Changing Pattern (TCP), I wanted to share a real-time example using the CADJPY pair in an intraday downtrend. Today, we spotted a TCP setup where price action gave us a classic reversal signal: The market manipulated the low of the TCP zone with a single break. This was followed by a W pattern and a second attempt that failed to make a lower low. That failure to create a new low acted as our entry confirmation for a long position. 🔹 Entry: 103.71 (Long) 🔹 Stop Loss: 103.28 (Just below the break low for protection) This trade setup perfectly illustrates how price structure and momentum shifts can help you catch early entries during trend reversals. Stay sharp, manage your risk — and have a blessed trading day!
Long
06:06
by Charts247TradingAcademy

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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