DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, SPDR S&P 500, INVESCO QQQ TRUST, SERIES 1, VANECK VECTORS GOLD MINERS ETF
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
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.
H4 divergence + h1 divergence + double bottom
Technically overbought. New highs made with declining volume. Not an indicator for continued strength. Overall uptrend is intact, but we are near upper end of trend channel. On top of that market is overbought based on BB, RSI and Stochastik.
1. Middle bollinger Band
2.Upsloping red shorter term trendline
3. Longer term red trend line, and 100 day MA ...
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 ...
Cotton Ascending Triangle Breakout
Long on 40-50% pullback from breakout line
On the yen we have a CTS type trade setting up wic can suit both aggressive as well as conservative traders.
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)
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 ...
Here on the 1 hr chart on the USDJPY we have a possible shorting opportunity for a trend continuation trade using the combined technical score trade. I know that the rate decision comes out tomorrow and will probably destroy all of this technical analysis but in my trading i try my best to only focus on technical analysis and not the fundamental side of the market ...
Things are looking good for me considering how May was terrible for me. However we have a structure short on the AUDUSD. I made a video explaining the whole process.
Good Trading Guys
I got asked the other day about Bitcoin and what I thought about recent price action. When looking at the timeframe all that comes to mind is consolidation and bearish. As we've seen on the AUDCAD over the past few weeks (as it's nailed 4 straight cyphers) consolidation breeds patterns.
I see 2 potential patterns here on BTCUSD the first being a bearish bat ...
As we progress on the EURUSD we can see a potential change in Price Action to the high side on the EURUSD. As A combined technical score setup trade. I am looking for a couple of things to get me involved in this setup.
1. Pull back of Price Action to 0.382
2. RSI to be oversold
3. Double bottom or for price action to show signs of rejecting near term support