essextrader

CADJPY CAN SELL THE CORRECTION BUT BIGGER TRADE IS UPSIDE

FX:CADJPY   Canadian Dollar / Japanese Yen
HERE WE HAVE CADJPY ALOT OF DIVERENCE AND LOOKS TO BE RUNNING OUT OF STEAM,

SELL SETUP... IN THE 1HOUR TIMEFRAME WE SHOULD SEE A 3 TO 5 WAVE CORRECTION GIVING US A 4HOUR CORRECTIVE PATTERN THESE CAN BE RISKY TO TRADE AS THEY TAKE THERE TIME TO MOVE ANYWHERE..

BUY SETUP... WAIT FOR A 4HR CORRECTION TO FORM THEN THE BREAK OF THIS WILL GIVE US A BUY SETUP YOU MUST WAIT FOR A SETUP JUMPING INTO TRADES JUST CAUSES PAIN AND MONEY LOSSES


trading is
1% analysis
45% risk management
54% psychology

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