Charts247TradingAcademy

06:06

Charts247TradingAcademy

Hey traders, Following up on yesterday’s lesson about the Trend Changing Pattern (TCP), I wanted to share a real-time example using the CADJPY pair in an intraday downtrend. Today, we spotted a TCP setup where price action gave us a classic reversal signal: The market manipulated the low of the TCP zone with a single break. This was followed by a W pattern and...

18:46

Charts247TradingAcademy

Introduction One of the most important skills in forex trading is learning how to read price action and understand what the market is telling you. Price is not just numbers — it’s the collective perception of traders, making it the most reliable leading indicator available. Today, I want to explain a powerful concept known as the Trend Changing Pattern (TCP) — a...

10:29

Charts247TradingAcademy Updated 

In this video, we analyse the CADJPY across multiple timeframes (4H, 1H, and 15M) to identify a high-probability long trade setup based on structural price action, momentum shifts, and Fibonacci retracement levels. 🔍 4H Analysis (Momentum High Formed) The CADJPY has shown a strong bullish recovery on the 4-hour chart, forming a Momentum High — a key signal that...

09:39

Charts247TradingAcademy

This portfolio selection is for educational purposes only! The key to successful trading lies in consistency. Consistent decision-making, combined with a positive edge, is what leads to long-term success in the markets. This is why we regularly conduct portfolio selection. At present, the Japanese Yen (JPY) is the strongest currency, followed by the US Dollar...

19:41

Charts247TradingAcademy

Educational Insight The market surged to the upside, targeting liquidity highs to trigger stop losses. Once liquidity was cleared, price stalled and reversed sharply. By marking key candle highs and lows, we identified swing points to count the market waves. We applied the 2 Data Points Rule to validate the break of support or resistance—this is a crucial...

03:59

Charts247TradingAcademy

Analysis: The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426. Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today. On the 5-minute...

06:23

Charts247TradingAcademy Updated 

The CADJPY remains in a strong downtrend after completing its first wave structure to the downside. The corrective wave offered no signs of a trend reversal, confirming the sellers’ dominance. Yesterday, during the Tokyo session, a new bearish wave structure began, breaking below the first wave's momentum low. Wave 2 formed as a correction to Wave 1, creating an...

19:19

Charts247TradingAcademy

Analysed Pairs: CAD/JPY, GBP/USD, USD/JPY, USD/CAD, EUR/CAD Market Overview: USD & JPY: Bullish CAD: Mixed EUR & GBP: Weak Price Analysis: CAD/JPY: Trend: Downtrend Current Position: At Momentum Low Outlook: Expecting a bullish pullback in the next phase. GBP/USD: Trend: Downtrend Current Position: Trading at Momentum Low 5 Outlook: Potential for...

05:20

Charts247TradingAcademy

The GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone. On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a...

11:32

Charts247TradingAcademy

With the Bank of Canada (BoC) interest rate decision approaching, we analyse USDCAD and CADJPY using the Daily and H1 timeframes to uncover potential trading opportunities. Market Outlook: CADJPY: The overall market structure appears bearish following a completed wave pattern and a corrective wave. We anticipate further downside movement, signalling potential...

04:30

Charts247TradingAcademy Updated 

The overall trend on the major timeframes for CADJPY remains bullish, despite a breakdown continuation observed last week. Current Market Overview: The lower timeframe (M5) printed a bullish wave structure this morning. We anticipate a corrective move below 105.76. In the short term, a potential downside reversal is expected. Trade Setup: Look for shorting...

08:20

Charts247TradingAcademy Updated 

Hi traders, The focus today is on CADJPY during the pre-London session. I believe we have a bullish setup forming, often referred to as a Late Session Reversal or Late Day Reversal. Price Analysis The bullish move in CADJPY began late during the New York session yesterday. The overall trend has been bearish, with the last leg showing a 3-wave extension below...

16:12

Charts247TradingAcademy

Introduction In trading education, recognising price movements is crucial. Prices move in trends, and these trends move in waves. Understanding these waves is essential for successful trading. The Two Types of Waves Impulsive/Primary Trend Comprises a minimum of five waves. Dictates the overall direction of price movement. Corrective/Secondary Trend...

17:05

Charts247TradingAcademy

Hello Traders, Starting off early today with a big shout out to @TradingView for their continuous improvements to the platform and the valuable tools they provide to the trading community. Well done! Here’s my analysis for today: USDJPY H4 The USDJPY has formed a Momentum Low, signalling a potential trend reset. The underlying trend remains bullish on this...

08:57

Charts247TradingAcademy

Hi Traders, Here’s a quick market analysis for the London session. We’ve observed some notable movements in the currency pairs under review. As a quick recap from our weekly trade planning session (Portfolio Selection): Strong currencies: USD remains the leader, followed by JPY, CAD, CHF, and AUD. Weak currencies: EUR, NZD, and GBP. The USD's bullish momentum...

10:00

Charts247TradingAcademy

Hey Guys, Today, we are trading the CADJPY live. Earlier this week, I highlighted 110.48 as a critical level to monitor, as it marks the reset point (Structure 4) of the last completed H1 bearish wave structure. Key levels of interest for further downside movement: 109.56 109.06

09:28

Charts247TradingAcademy

Join me for the Midweek Portfolio Selection, where we analyse the Weekly and Daily Currency Strength Index (CSI) to identify shifts in the currency landscape. This process helps refine our trading bias to stay aligned with market dynamics. In this episode, we’ve observed notable changes, particularly in the AUD and USD. Key Highlights: Buy Pairs: AUD, CAD, JPY,...

11:13

Charts247TradingAcademy

This evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4. From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave...