CADJPY, Bollinger Band Spike + Correction finished. Impulse Up!Hi traders,
I just spotted a nice Bollinger Band spike. I am planning to take this trade as soon as the market opens due to the following reasons:
1) We are in a correction and anticipate another impulsive wave up
2) Bollinger Band spike
3) We completed a flat
(This is not a trade recommendation!)
Cadjpyidea
CADJPY Possibly Started Going Up AlreadyHi there,
I see a smaller correction marked with green arrows. The last three daily candles show some strong move up and if this is the C wave, I believe that we could be seeing a completion of the regular flat soon.
Looking at the bigger picture, if we go down from here, I could imagine seeing a further move down to complete the regular flat (marked in blue + orange arrows) and then the next impulsive move up.
We will see how it develops. The more information I get on this chart, the easier it will be to understand what is going on.
MisterRay
Sell CADJPY Short Term Based on 15m TF Bearish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.