Trend Continuation - CADJPY Wave STructure Analysis
Hey Traders,
This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes.
Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback.
This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend or the trend will change in the opposite direction. The only tool that gives us this information is the price by counting the wave structure.
As long as the primary trend structural point is intact, the trend is intact and we can trade safely in harmony with the market.
This is not theory, it is practical, but the application is psychological.
CADJPY SHORT KEY LEVELS
Stop Loss:114.88
Target 1: 112.18
Target 2: 110.59
This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes.
Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback.
This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend or the trend will change in the opposite direction. The only tool that gives us this information is the price by counting the wave structure.
As long as the primary trend structural point is intact, the trend is intact and we can trade safely in harmony with the market.
This is not theory, it is practical, but the application is psychological.
CADJPY SHORT KEY LEVELS
Stop Loss:114.88
Target 1: 112.18
Target 2: 110.59
