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Fibinversion

Crude Oil WTI 60min Trend Continuation & Bear CypherStill 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 enter. Reasons for Entry @ $40.00 1. Bear Cypher - Cypher Completes right at the $40 level. 2. Major Structure - We have Major Structure at the $40 level with multiple tests of it on the way down. So we can assume that it will act as Resistance on the way up. 3. Fib Inversion Trade - Take a Fib Inversion off the last pullback down at the lows and looking to sell the 1.618% Fib Extension
FX:USOILShort
by PateSkpate
1
USDJPY 60min Bear Trend Continuation (TCT) & Bear GartleyUSDJPY, like all JPY crosses have been declining in heavy trend. I'm looking to Short USDJPY on the 1hr using a variety of entry techniques that are all lining up in one area. 1. Trend Continuation Trade - I like to sell these pullbacks somewhere between the 61.8% & 78.6% Fib retracements. I like to see some sort of Reversal Pattern or Candle in that area before I pull the trigger. 2. We have a Bear Gartley Pattern that completes right in my "Sell Zone". 3. There is structure looking left. 4. Fib Inversion Trade - The 1.618% fib inversion of the pullback puts price right into my "Sell Zone" 5. ABCD Pattern - There is an ABCD Pattern that completes right in my "Sell Zone" 6. Higher Time Frame - HTF is supporting a down move to about 116.000 and is Trending down currently 7. Ratio Confluence - There is a "Fib Cluster" that all packs into my "Sell Zone" Depending on how you score it using "Combined Technical Scoring" (CTS), its' at an 8 right now. If the RSI goes overbought then we will be up to 9! - Stops need to go AT LEAST 1 ATR behind the Reversal Zone and tucked safely behind that 119.00 even level. - Targets will be what ever your Trade Plan says. My Trade Plan has me placing Target #1 at the Previous lows of the trend and Target #2 at the 1.27% Fib ext.
Short
by PateSkpate
5
GBPJPY: Bullish & Bearish OpportunitiesSyndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance. There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade. I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com My YouTube Channel goo.gl
by Akil_Stokes
18