Hello traders, I wanna go in this new week strong, and I found this CADJPY possibilty to go long. A little explenation: 1. On 4h timeframe we can see nice ressistance and suport lvls 2. On 4h timeframe we can see Elliot waves wich will be formed after correction 3. On 4h timeframe we can see fibonacci retracment lvl of 0.5 or 50% at the middle line, so this is...
Base strategy I built this trade is Elliot waves. On 4h timeframe we can see 5th waves in early phase. We can see nice push from 1st wave, after that some correction wich is 2nd wave, some big push to the down wich is the 3rd wave and then a little bit complexive pullback of triple zig zag and beautifull inverted hammer. On daily timeframe we can see 1st and 2nd...
US30 made double top and give us signal to sell, plus we have some kind of bearish pin bar What you think?
Kangaroo tail show us we can expect down movment. First line is SL Second line is TP1 Third line is TP2 Last area is TP3 What do you mean?