Fxprotrader
Short

CADJPY: End Of Correction Signals Sell Trade

FX:CADJPY   Kanadischer Dollar/Japanischer Yen
Price broke below the corrective structure it was moving in, making us look closer for a sell setup completion. Most likely it will retrace to test the downslope median line at the same level of the broken support of the correction.

Like and follow for updates.. :)
Trade ist aktiv:
Kommentar: The chart that i post with the setup is a little messy, so i redraw it, so to be more clear
Still didn't spike to down yet..
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It may consolidate in the red zone for a while..
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Lacin Fxprotrader
Waiting :) Thanks a lot dear
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VERY NEAT! :) thanks for sharing, I am in for this trade..
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Ok, good luck..
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fxfxfx Fxprotrader
closed manually, want to wait and see what happens at 78.15 :)
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Dear how to draw these central 2 lines?? What are these 2lines, please elaborate.
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If you talk about the purple ones, these are slide parallels of the median line. If you talk about the dashed black ones, these represent a corrective pattern ( a channel in this situation)
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arshadd Fxprotrader
Yes dear talking about median line and its parallel line... How to draw this median line , what is the refrence to draw this median line... Please don't mind if this question seems to be silly.. Because of my lack of knowledge..
Thank u for replying.
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It's a little difficult to explain you how to use median lines in a comment.. The basic idea is to identify price slope and trade with it..
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