CADJPY Buy Signal

After the pair completed a triple cycle down on the daily chart, I expect it to reach 92.50-93.00 zone.

Technical Analysis:

D1 – triple cycle completed

D1 – up trend line false break

D1 – hidden bullish divergence

Buy Signal:

There are two possible entry scenarios.

Scenario 1: Entry with bullish divergence near the up trend line. If the pair manages to go down and creates bullish divergence, once completed go for long protecting last low that will form.

Scenario 2: Follow the intra-day trend line. If broken up, go long, protecting last support zone.

Yours,
Vladimir

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.