CADJPY buy opportunity follow me for more free accurate trades, check previous ideas, like and comment if u have a question or different opinion.
Vmanena
900 pips GBP/CAD buy setup. Follow me for more free accurate trades. Check my previous ideas, like and comment if you have a question or different opinion.
SHORT-TERM SELL TO THE USUAL LONG TERM BUYWith recent study of how market behaves for every year end cross over gold market usual show a strong buy at the end of the year.
This is caused by the purchasing of gifts and money circulating across all currencies.
Back testing this strategy which I was enlighted by a friend of mine. I feel it is the safest long term buy which we all can take advantage of the long term buy.
So looking at the period form 01st DEC to the 30th FEB the market moves 200 - 300pips, here are some examples of year end crossovers:
2016 - 264pips
2017 - 255
2018 - 224
2019 - 290
2020 - 226 (possiblity)
SHORT TERM SELL
Entry = 1487.00 - 1492.00
SL = 1503
TP 1 = 1431.00
TP 2 = 1414.00
TP 3 = 1403.50
LONG TERM BUY
Entry = 1403.00 - 1414.00
SL = Any Below 1382.00 (Due to previous rejection)
TP 1 = 1479.00
TP 2 = 1496.50
TP 3 = 1540.00 - 1550.00
#NB : FOR EDUCATIONAL PURPOSE ONLY
ELLIOT WAVES A-B COMPLEX CORRECTIONI analysed this pair using the elliot waves principle and I think this pair is forming a A-B complex correction in the high time frames please feel free to correct me.
Long Term Sell CHFJPYThe wave (Y) is completed and the the pair is well within the Blue Box (sell zone) where the pair may experience a high sell pressure you will have to use your own confirmations to enter the trade.
