Oct 7th @2pm EST we saw price still trading above EMA lines even after massive selling pressure. Set up FIB and saw a potential good entry for another buy at 124.350 which is touched perfectly. We entered in one position for a buy @124.448
Oct 1st, 2020 we learned that a lot of the JPY trades correlate on the 4 hour time frame primarily. This morning (Oct 8th @9:32 am) price was testing the yellow EMA line on the ichimoku cloud. We set up our FIB for confirmation and saw that price was sitting on the 23% retracement level.
Price pierces through EMA lines and through green cloud on the 1 hour time frame @ 4am EST on Oct 7th. By 9 am we should of noticed the strong buy movement and entered in a position. 4 hour time frame also confirmed a buy for us. FIB retracement also confirmed a late buy entry from the day before. EURJPY and CHFJPY both look very similar to CADJPY'S chart...
Oct 8th, 5:28 pm EST we see a possible entry or 2 for a sell on USDCAD on the 4 hour time frame at the 23% level and the 38% levels on the fib retracement layout. Ichimoku cloud also shows us a strong sell on the 4 hour and the 1 hour time frame.
Oct 9th, 2:45 am I see price beginning to retrace on the current sell that we have in already. I look at the 15 min time frame and see that the 38% is being tested after setting up my fibs. I entered in for a short at 0.91580, about 20 min later it reached its lowest point of that time span to 0.91509 for a quick gain of 7 pips. I am holding long term as the...
Oct 9th @2:15 am est I set up my fibs and saw price testing the 23% on the 15 min time frame, added my ichimoku cloud and saw that price was also testing the green cloud on this same time frame giving me confidence that it was going to buy off of that price which it did. We entered in at 124.682 and 20 min later reached its highest point within 20 min at 124.800...
This is jackpots exact layout of his chart that he sent out. I added the ichimoku cloud. I predict a buy, he predicts a sell.
Ichimoku Cloud and EMA lines from cloud indicate a buy as explained on the chart.