Charts247TradingAcademy

12:07

Charts247TradingAcademy

Today, we are focusing on the CADJPY chart as we observe the final stages of the wavestructure. The recent pullback from the previous momentum high (3) has formed a significant pattern known as the structural failure, indicating a potential shift in the trend. Considering our trading rules, we have patiently awaited the completion of the wavestructure (5). Now,...

19:52

Charts247TradingAcademy

Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI. Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for...

10:35

Charts247TradingAcademy

The GBPUSD picture shows a downward bias, but we need to complete the ongoing upward trend first. A bullish wavestructure has been observed, but it is not yet finished. Based on the wave count, we anticipate a Higher High above the current day's high before considering a strong short position. For a long continuation trade, a good entry point would be around the...

06:09

Charts247TradingAcademy

The USDCAD has recently exhibited a trading pattern known as the internal structural reverse. This pattern serves as a robust indication of trend continuation following the completion of a wavestructure. The concept involves trading in the opposite direction when a second break of a structure fails to sustain the prevailing trend. Enjoy!

Charts247TradingAcademy

On Friday, there was a notable rebound in GBPUSD. The 15-minute chart displayed a completed upward wavestructure, indicating a positive trend. Additionally, a secondary pullback trend started on the same day, and the final leg of the retracement, labelled as (c), is showing signs of concluding. At the current low, we observed a Market Structure Low reversal...

Charts247TradingAcademy

The USDJPY has to retrace some of the impulse to the upside, we have seen wave structure 0,1,2 and 3, this is an ideal opportunity to enter short at wave structure 4 expecting Lower low 5. The price from ML 3 to 4 is a deep retracement of 76.4% of the last decline, knowing this we will target the T1(137.81) Stop Loss: 138.55. Enjoy!

13:32

Charts247TradingAcademy

The GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached. However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The...

19:42

Charts247TradingAcademy

We have observed a significant development on the daily chart known as a Structural Failure, indicating a potential shift in the trend. The price experienced a notable pullback beginning on Friday, and today, analyzing the daily candles using the 4Bar rule, we have noticed a stronger downward conviction on the 5-minute chart. If the price remains below the 1DH...

07:29

Charts247TradingAcademy

A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone. AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback. Sell is the Call and we will use .6754 as the stop loss. Enjoy!

10:03

Charts247TradingAcademy

This morning we have a potential upside move in the EURUSD and the GBPUSD based on the intraday wave structure. However the USDJPY is currently showing signs of weakness above yesterday's high and a break back below the 1DH is a sell signal. Enjoy!

19:32

Charts247TradingAcademy

The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo. Enjoy!

09:53

Charts247TradingAcademy

The GBPUSD according to the wavestructure count has a strong indication of a bullish trend in the short-medium term. we have seen a retracement overnight to the Buy-Zone of the Fibonacci, and Bullish-Wavestructure -Two is expected to kick in from here. Our risk for this trade is 1.2460 We have two Target areas: T1: 1.2520 T2: 1.2547 Enjoy!

10:43

Charts247TradingAcademy

This is a quick short term trade on the USDCAD, at open of the London session. The price was rejected at the Momentum high. Enjoy!

19:54

Charts247TradingAcademy

Couple of trades for this afternoon. Using the wavesofsuccess wave count methods. Enjoy!

19:28

Charts247TradingAcademy

This morning I took a short in the USDCHF, mainly because the pullback did not give us a trend changing pattern information. More details in the video. Enjoy!

20:00

Charts247TradingAcademy Updated 

Analysing the current trend and wave count in the short term in the EURUSD and the CADJPY. The pairs have both made a significant decline in the past 24Hrs and based on the wave structures count, I believe these pairs are ready to correct upwards in the short term. Enjoy!

16:51

Charts247TradingAcademy

A simple waves of success approach to wave count. The Idea is to let the market show you its hand, so that you can trade in harmony with the market. Enjoy!

05:12

Charts247TradingAcademy

The GBPUSD has shown a sign of weakness at the 1DH and a break below yesterdays london session high will speed up the decline. Look to target 1.2178 with a small risk of 1.2344. Trade safe! Enjoy.