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The price initially received support from SMA 50 in yellow and signaled the end of the correction
However, the price continues to move sideways and is also trading below SMA 50
The price break of the moving average in this sideways move is a weak break that needs more confirmation
Thus, the price will drop and break it to the downside, which will give an opportunity to sell towards the moving average line 200 in red
As for the price rebounding higher and returning to trading above the EMA50, it gives an opportunity to buy towards the top level. Elliott waves consist of five waves.
Elliott waves must be five full waves
. Three in the direction of the market and two correct
If the Elliott waves begin to rise or fall, you will find
The (first, third and fifth) are moving in the direction
F (second and fourth waves correct)
. The third wave cannot be the shortest driving wave
The third wave
It cannot be shorter than the first or shorter than the fifth, because it is the longest wave
. The second wave cannot approach the price levels of the beginning of the first wave
The first, whether ascending or descending, starts the second opposite to it in the direction
To make a correction, but it is a condition that it is not corrected until it reaches the levels of the beginning of the first wave
. The fourth wave cannot approach the price zone or price limits
To the end of the first wave
The fourth wave is a correction wave and it is reversing
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Winning signals - Profit signals.
Today Target Pair - CAD/JPY
Today main profit zone .
79.83 - 80.20 - 80.95
Today main support zone.
77.58 - 77.96 - 78.70
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 79.44
This currency name - CAD/JPY
Resistance and Target - 79.57
Support and Stop Loss - 79.31
Always follow Long time frame market trend.
Signal is Sell.
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pair : CadJpy
CadJpy bullish trend can continue today, now current price at 83.70 and strong support at level 83.90 in hourly time frame. there is possible chance CadJpy price will move to up side. then next high price is 84.20
I suggest to entry buy with stoploss at 83.40 and take profit at 84.20
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predictions for the day.
trading is risky if no analysis is done
CAD/JPY - is the currency pair we will be focusing on
major low levels also known as supports 78.98
major high levels also known as resistance - 79.23
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Today market analysis
You will earn more money if you will follow my views,because I have posted this after checking the previous routine oaf daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market.
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CADJPY
KA Market trend JO
HAI WO
SELL Hai
Pivot Point 78.89
Support 1 ___ ,, 78.54
Support 2 ___ ,, 77.98
Support 3 ___ ,, 77.63
Resistance 1 ___ ,, 79.45
Resistance 2 ___ ,, 79.80
Resistance 3 ___ ,, 80.36
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Today market trend is: ßearish ßuy
Market ki moving average aur indicators ko dekh kar market ke ßuy ke chance zyada hain
Resistance points and Support points bhi strong ßuy ke signal de rahe hain
Hamain apne ap par confidence rakh kar trading karni chahiye aur forex trading ke mutaliq knowledge and experience hasil karna chahiye
Agar ap forex trading main successful trader ban'na chahte hain to hardworking karen aur knowledge and experience hasil karen
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Today market trend:Sell
All indicators and moving averages tell us about market down
According to expert traders market trend is sell and do the trading in sell
If you want a good profit so learn about forex trading and make a money
Traders come in forex trading for become millionaire
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Is pair me market ka trend sell ka hy.
Technical indicators sy b pta chalta hy k market sell ki position me hy.
Resistence or suport point dawn ja ry hen jin sy pta chlta hy k market sell k haq me hy.
Hamy market k trend ko dekhty huwy trade lgani chahye. agr market ko smjy bgair trade kren gy to is sy los hony k chance zyada hen.
Agr achi earning krni hy to us k liye apka market k indicators ko smjna bohat zruri hy.
So good luck and keep it up...