CADJPY: CTS Trade From This Morning's Training Lesson

FX:CADJPY   Canadian Dollar/Japanese Yen
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 evaluation of a price chart & this was the example that I used to show them how I still use it without actually using it (if that makes sense)

Anyway, what we have above is a level of potential structure support that has been tested a few time is the recent past as both support & resistance. We also have an AB=CD patter, Fibonacci Ratio confluence & a potential advanced Bat Formation resting in that zone as well. This makes for a great example of taking the clues that the market provided with and putting them together in order to find quality trading opportunities.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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