Hey fellow merchants,
As our members know we now have had many advantageous buying and selling setups just lately. On this technical article, we’re going to current one other Elliott Wave buying and selling setup we obtained in CADJPY. The foreign exchange pair accomplished this correction exactly on the Equal Legs zone, known as the Blue Field Space. Within the following sections, we are going to delve into the specifics of the Elliott Wave sample noticed , focus on the buying and selling setup.
CADJPY Elliott Wave 1 Hour Chart 12.15.2025
The present view means that CADJPY is forming a 3 waves correction in wave (iv) blue . The worth motion exhibits an incomplete construction from the height. We anticipate an extension towards the acute zone at 112.497-111.910, marked as a Blue Field. At that zone we wish to re-enter as patrons.
We advocate members to keep away from promoting the pair. As the principle pattern stays bullish, we anticipate not less than a 3-wave bounce from this Blue Field space. As soon as the worth touches the 50 fibs towards the b pink connector, we’ll make positions risk-free and set the cease loss at breakeven and ebook partial earnings. On different hand, breaking under the 1.618 Fibonacci extension degree at 111.91 would invalidate the commerce.
Official buying and selling technique on How you can commerce 3, 7, or 11 swing and equal leg is defined in particulars in Academic Video, accessible for members viewing contained in the membership space.
Fast reminder on commerce our charts :
Crimson bearish stamp+ blue field = Promoting Setup
Inexperienced bullish stamp+ blue field = Shopping for Setup
Charts with Black stamps aren’t tradable. 🚫
CADJPY Elliott Wave 1 Hour Chart 12.19.2025
CADJPY has made extension down towards Blue Field (112.497-111.910) and located patrons as anticipated. The pair made robust rally from the Shopping for Zone, reaching new highs. Consequently, any lengthy positions from the Blue Field ought to now be risk-free. We’ve set our cease loss at breakeven and have already secured partial earnings. We depend correction accomplished at 112.245 low.
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Supply: https://elliottwave-forecast.com/foreign exchange/cadjpy-elliott-wave-blue-box-buy-setup/