Here we have a Butterfly pattern with Fib confluence completing at structure. If see bullish rejection at completion may provide a good opportunity to short.
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...
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...
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...
USDJPY, 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...
EURUSD is currently in a bear trend. I'm looking to sell the rallies in this pair. This has a pretty good Combined Technical Score (CTS), depending on how you score it, I came up with a score of 7. Watching the RSI as Price pushes higher the RSI is making Lower Highs.
Here on the AUDJPY i have explained a few reasons why i am short this pair from the .786 retracement after the break and close below previous swing low. the rally that has followed in my opinion gives me a great opportunity to short with a small stop loss and good potential profits. If you are interested in seeing the way that i analyze the market and how i come...
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...
