CADJPY H4 CHART

CADJPY Potential Short Opportunity

 

PAIR: CADJPY

CHART TIMEFRAME: H4

TREND ON THE CHART TIMEFRAME: BULLISH

FACTS AND PATTERNS: Bearish Shark Formation

CURRENT PRICE:89.63

POSSIBLE “PREDICTED” PRICE ACTION: Bearish Shark Pattern has been completed at 90.02. Price tested Fibonacci 23.60 and moved up but could not break out the D point. It will test 89.35 again and if breaks below 89.35;  it may test 88.96 and 88.60.

ACCURACY: 93%

CADJPY TRADE IDEA: (MIDTERM )

TRADE: SHORT

AREA OF ENTRY: 89.63

STOP LOSS: 90.10

TAKE PROFIT 1: 89.35

TAKE PROFIT 2: 88.96

EXTENDED TARGET: 88.60

Trade Stoped Out 

Loss: – 47 pips

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly
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