CADJPY - Possible Reversal

17 de jan. de 2023

In Elliott Wave, running flats are almost non-existent, or extremely rare.

If you run into one, then the direction is unlikely to continue.

We are at point D now. Looking for price to fail here and run opposite, then breakout.

Good luck!

2 de fev. de 2023

Trade ativo

Played out so far. Entered long.

3 de fev. de 2023

Nota

Stopped out by 5 pips before the reversal.

Trade idea is still intact though. Looking for retrace entry next week.

6 de fev. de 2023

Nota

Game plan forward.

Market structure break. Will take a long if price comes back to or near the H4 breaker.

9 de fev. de 2023

Nota

Retest of broken trend and it seems to be holding at previous wave 4. Possible area for a long.

10 de fev. de 2023

Nota

Ok, came back to the breaker eventually. Going long. Make or break area here.

15 de fev. de 2023

Trade fechado manualmente

Closed ahead of target.