CTS Sell on the GBPJPY
On the yen we have a CTS type trade setting up wic can suit both aggressive as well as conservative traders.
CTS Score
Structure confirmed by the daily time frame in green. (2 points)
AB=CD harmonic move [1 point]
Fib Ext 1.618, lining up with the AB=CD also linked with structure (3 points)
Fib inversion 1.618 lining up with structure (2 Points)
Entry
Aggressive- limit order sell at 164.41
conservative- wait for reversal setup such as a double tob, 2618 sell or pin bar reversal at the kill zone.
Stops
Above near term resistance
Targets
near term structure levels
Good Trading Guys
CTS Score
Structure confirmed by the daily time frame in green. (2 points)
AB=CD harmonic move [1 point]
Fib Ext 1.618, lining up with the AB=CD also linked with structure (3 points)
Fib inversion 1.618 lining up with structure (2 Points)
Entry
Aggressive- limit order sell at 164.41
conservative- wait for reversal setup such as a double tob, 2618 sell or pin bar reversal at the kill zone.
Stops
Above near term resistance
Targets
near term structure levels
Good Trading Guys
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