Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

CADJPY - Sell Trade & Strategy Fully Explained - 3 April 2024 - By Vladimir Ribakov #forexsignals

4 Apr 2024 · 1 min

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Vladimir Ribakov breaks down a CAD/JPY short trade using price action and the ADX indicator. He spots three consecutive lower highs and lows to confirm the downtrend, then waits for a rally to form an ABCD pattern with bearish divergence before the breakout triggers a large profitable move.

Chapters

Here is the CAD/JPY sell idea we shared with our members in our trading blog fully explained. After spotting 3 lower highs, lower lows in a bearish price action structure, the plan here is sell the rallies. ADX indicator, as we can see here, is also bearish, which supports our sell the rallies plan. Here we can see the rally happened. At the end of the rally ABCD correction, bearish divergence, and break below the ABCD rising supportive line. And CADJPY delivers massive move down and great profits. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.