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Welcome to the Wave FX Academy. We provide educational materials to traders, while sharing our knowledge and experience.
We are here to teach you how to improve your skills and generate wealth.
We Trade, We Teach, We Mentor
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This is the alternate view, based on the market consolidation.
Forwarded from Wave FX || Exclusive Trading Room (Mentor Samore)

GbpJpy Alternate Scenario.

This is why I love pending orders.

If you view the previous anaysis here. I had a bullish forecast with Wave A and B completed looking for wave C.

In this scenario you are seeing a completed wave ABC and 1st impulse down. Price movement over the past hour was pure consolidation, which makes me more inclined with this scenario.

GbpJpy Trade Update. VEry Interesting development for the Pound Yen. Let’s see how it will unfold.

Understanding the market is very simple.
Remember it only has 2 stages
Impulse πŸ“ˆ - Correction πŸ“‰

After an impulsive expect a correction, after a correction expect an impulse.

Current view of USDJPY

Gold Trade Update:

Yesterday I share with you the potential of a correction before the next breakout out on Gold. As expected, we got that correction. This would have provided added buying opportunities, to capitalize on the trend.

Analysis posted yesterday➑️Link

This is where we are today. Another 200+ pips move πŸ˜βœ…

Kudos🀟, if you were able to make some money πŸ’°from my analysis.

If you need help with your trading journey, feel free to communicate with my via my bot ASK WAVE FX

Goodnight. Here is an analysis of NIKE (NKE) listed on the NYSE.

I promised to do and share my analysis on this based on a question i was asked on an interview i did last night. I will also share a link to the interview here as well for thos ewho missed it.
​​Good morning my trading colleagues.
It's time for another quick lesson on Elliot Wave PrinciplesπŸ„β€β™‚οΈ.

πŸ‘¨β€πŸ«Today I want to start looking at corrections.
This is generally the most complex part of the wave theory and the hardest to identify.
Remember the market's 2 stages (waves)
Motive and corrective.
Motive waves:

Corrective waves:
πŸ”ΈοΈ ZigZag

Today we're looking at Flat correction.
Attached to this message ⬇️ is an example of a flat correction.

Save isπŸ“₯, share itπŸ“§, remember it🧠.
Know when the market is correcting. This helps you to join the trend early once it resumes.βœ”

Current market conditions for USDCAD

Here we can see that we had a leading diagonal for wave (i) and a flat correction for wave (ii).

Inside the flat correction, we have the c wave created an ending diagonal.

This is a clear indication that the trend will continue.