The AUDUSD currency pair is in a bearish phase by reaching a PRZ zone. 🌟 bearish signals in the PRZ area are: - Resistance zone - Pivot R1 weekly - The top of the channel area 📍 and the downward signals of market momentum are: - Divergence in MACD - RSI trend line break ⭐ Note that the price has reached the PRZ zone and the entry will be activated when the...
CTS can see some good moves in upcoming weeks or month or so. ready to break the trend line and we can see a good move above imo
Lots of confirmation for shorting opportunity on EA 60 min timeframe. Detailed notes on the chart
Price is now doing sideways movement and there is a bat pattern completion zone at multiple times respected resistance zone
DAILY/4HR Inverse Head and Shoulders Top formed. (Head and shoulders top after a bearish move, signalling continuation.) Right shoulder formed, and crossed neckline, meaning we missed the breakout entry, however, since I have a strong enough CTS score I am looking for a pullback final chance entry. CTS Scored as follows - Neckline Break - 1 Point Left...
BUY SIGNAL. Head and Shoulders Formed on 1D after Bearish move, signalling reversal if pattern completes. Right Shoulder forming, CTS Score of 5 as follows: RSI Divergence on 4HR - 1 CTS Left Shoulder at Major Structure. (3+Tests on DAILY TF) - 2 CTS Right Shoulder at Minor Structure. (3+Tests on 1HR TF) - 1 CTS Strong Pivot point of 0.55000 present at head...
WAITING TO SEE IF PRICE WILL TEST AND HOLD STRUCTURE FOR A QUICK ENTRY AND EXIT, IF THIS HAPPENS I WILL LOOK TO GO LONG ONLY IF I GET A SIGNAL ENTRY. KEEP IN MIND ON THE ONGOING BEARISH TREND.
Hey, mates. Here's an example of my higher timeframe analysis. I am looking at this level because: 1) It previously acted as support. 2) It has round number of 1.29000 3) It has a completion of ab=cd move 4) It has 0.618 fibonacci retracement 5) it has 1,272 fibonacci extension 6) It has 1,414 fibonacci extension 7) It has 1,618 fibonacci inversion 8) rsi is...
Each Monday I hold a private training lesson for our Transformation members and today the topic was the Combined Technical Scoring System (CTS) During the lesson I talked to them about my personal journey & how I went from a very conservative CTS trader to someone who no longer requires a score. With that being said I've ingrained the process into my daily...
We see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well. We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on...
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short. As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a...
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 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...
Nice confluence zone to get short. If you trade CTS: 160 large even handle Grey AB=CD move Orange AB=CD move Fib confluence based on the first AB=CD move A lot lining up at the 160 even handle. A pullback into the 160 even handle would also line up with a TC trade on the 4H/daily. You can either enter aggressive or wait until tomorrow and look for a DT on the 1H...
Using the four hour chart as a higher time frame and a one hour as a trading time frame, a CTS score starts to build in the zone highlighted in yellow. If RSI goes oversold in this same zone, I think it could constitute a strong buying signal. We see confluence of both a larger retracement and extensions/inversions in the zone, as well as an ABCD pattern. As it...
For those looking to get short the EURJPY we have a potential double top and/or 2618 opportunity setting up. Looking left, price action has made its way back into a previous level of consolidation where the bulls were rejected and are now looking to test for a second time. The two trading opportunities that exist at this level are a double top sell at the candle...
on the 1 hr chart we have a 1.618 inversion trade setting up with a couple of extra indications that the market may turn around at this level which include overbought RSI and previous structure looking left. The 1.618 inversion trade includes waiting for a market that is in trend (down trend in this case) to make a correction and break above a previous structure...
Still looking to sell Rallies in Crude. I'm looking for a deep retracement back to $40.00 level. $40 is a key level for Crude if we want to maintain a Bearish view on the market. For all of you that use Combined Technical Scoring System (CTS) to help evaluate trades, we are already at a 7. It will more than likely get a higher score as it comes time to...