Charts247TradingAcademy

Charts247TradingAcademy

Hi Traders, Based on my Weekly Trade planning session, we have seen an indication that the USD is strengthening again. The AUD/USD has broken down two consecutive structures (Downside Participation), a clear indication that the trend is resuming to the downside. However, immediately after participation, the traders will demand a discount. The simple reason is;...

06:36

Charts247TradingAcademy

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...

02:41

Charts247TradingAcademy

This is a quick update on the CAD/JPY. I mentioned this in the Weekly analysis I did yesterday. Apologies for the sound.

19:16

Charts247TradingAcademy

Plan your trades and trade your plan. The weekly planning session is one of the most important things you can do as a trader. In this session, I analysed the Currency Index basket of the USD, EUR, GBP, CAD, CHF, AUD, NZD, and JPY. The strength lies with the USD, the rest are still in a confirmed downtrend.

16:55

Charts247TradingAcademy

As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.

08:54

Charts247TradingAcademy

A quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...

08:39

Charts247TradingAcademy

The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330

Charts247TradingAcademy

The rally that happened in the Cable due to the news has seen a follow-through that created the Bullish MH3 (Green Wave). This trend however has been weakened by the pullback of Structure 4. This price has traded below the prior Structure 2. Having said that, the price is still firmly trading in the Buy Zone of the Fibonacci measured from the low to the high of...

09:55

Charts247TradingAcademy

The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish. We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH. Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci. If the price manages to trade above...

20:00

Charts247TradingAcademy

Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been...

17:24

Charts247TradingAcademy

This is a quick overview of the currency pairs. We had a busy day of important Economic News and reports yesterday, so we should anticipate a reaction to that news.

12:28

Charts247TradingAcademy

Trade what you see not what you think! We had a nice sell today on the CAD/JPY, this trade was accelerated by the CPI news and the CAD Monetary policy news. The outlook now is bullish based on the wave structure count on the H4 chart. The price has now printed a momentum high 1 (Resistance) followed by a structural point 2 (Support); which is a buy point. Using...

05:02

Charts247TradingAcademy

Momentum precedes prices. Yesterday the CAD/JPY broke down sharply below key structural points. The discounting in price (Retracement) was very deep and slow. Now, based on the reappearance of the 4th structure (Blue Dots) which to us indicated that we can now look for a sell setup. We executed a sell using the WT Candle plus break of the London session market...

08:50

Charts247TradingAcademy

Hi traders, I will be posting some of my trades on the_leap competion. I basically look at the wave structure of the market and decide trades based on the information we get from the price. Here is my first trade on the #EURUSD currency pair. Let me know what you think guys. Trade safe.

19:45

Charts247TradingAcademy

This trade is still ongoing. We are buying the CADJPY in the short term with a possibility of selling if the current momentum fail to take out the 1DH. Enjoy!

02:32

Charts247TradingAcademy

The key is to count the waves correctly. Once we have an extension, we can use the Fibonacci tool to validate and set our entry traps. Enjoy.

20:01

Charts247TradingAcademy

Greetings, fellow traders! In today's weekly planning session, we emphasized the significance of focusing on the trading process rather than solely fixating on the outcome. It's crucial to prioritize the steps and strategies involved in trading for long-term success. During this session, we delved into the portfolio selection process utilizing the CSI (Currency...

07:16

Charts247TradingAcademy

Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend. The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to...