CAD/JPY SETUP Sell & Buy
Updated
Chart is an expectation of market setup via harmonics. Also good to observe that market formed a double top between A and C which is considered a sell signal.
Market already selling from/on target C. You can join the sell to D as there still money to be made.
There may be some retracement up before market gets to D. This will be good for entry to D;
* Chose your entry point wisely via indicators, etc.
* Note - Sell TP2 at target D in pattern.
If market hits target D then;
* buy breakout to upside.
* Note - TP1 on buy = TP1 on sell
Considerations on where to collect profit;
* Pattern completion can sometimes be annulled after TP1 of sell from target C.
* Pattern D breakout can sometimes finish its run at TP1.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allow for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
* Do check related ideas below for those I've guided.
Market already selling from/on target C. You can join the sell to D as there still money to be made.
There may be some retracement up before market gets to D. This will be good for entry to D;
* Chose your entry point wisely via indicators, etc.
* Note - Sell TP2 at target D in pattern.
If market hits target D then;
* buy breakout to upside.
* Note - TP1 on buy = TP1 on sell
Considerations on where to collect profit;
* Pattern completion can sometimes be annulled after TP1 of sell from target C.
* Pattern D breakout can sometimes finish its run at TP1.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allow for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
* Do check related ideas below for those I've guided.
Note
* Clean chart without indicators.* Also outlined take profit (TP) zones to depict figures/values on right sideline for entry/exit points guidance.
* Figures on chart for guideline purposes only, ultimately I time my best entry via indicators on 3mins timeframe.
Note
TP2 for Sell/C is hit.Good area to get into a buy for D breakout.
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