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✅AUDUSD's Situation: What Shall we Expect ?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 upward trend line is broken in the 1-hour time frame or the candlestick trigger. On the other hand, if the PRZ is broken upwards with the strength of bullish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Short
by CobraVanguard
19
USDCAD Inverse Head and Shoulders Top (SHORT)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 shoulder at Minor Structure (3+ Tests on LTF 1HR) - 1 Point Left shoulder at Major Structure (3+Tests on HTF 1D) - 2 Points Fibonacci Levels present, (Price finding resistance and support at .786 retracement of left shoulder) - 1 Point I am looking for a pullback into the 1.35350 zone at the neckline and for price to print either a LLLC, High test candle or Doji on the 1HR timeframe to signal me to enter at next bar market. Targets at 1.618 extension of head to neckline, also lining up with Equal measured moves and structure looking left. Stops at an ATR above the right shoulder.
Short
by ROI_Ky
AUDUSD LONG - Head & Shoulders BottomBUY 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 level - 1 CTS ENTRY SIGNAL - Doji on 4HR Followed by HHHC. BUY STOP SET 5 pips above neckline. Targets taken from EMM but shortened to fit to strong 1.618 Fib extension and structure. Stops 1ATR below right shoulder. Shoulder may continue to form to the downside before reversal so even though my STOP Order Set I shall Reassess DAILY
Long
by ROI_Ky
Pay attention to this levelHey, 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 almost overbought. Most likely it will be overbought when price gets to the level. Of course I am not going to trade it right away as soon as price gets there. I will switch to my trading timeframes (either 1H or 4H) to find the reasons for entry. My reasons for entry are advanced formations.
Short
by Alexander_Nikitin
10
CADJPY: CTS Trade From This Morning's Training Lesson 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 Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Long
by Akil_Stokes
Benny Manieri pinpoints reversal area on EURGBPWe 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 my hourly trading time frame. Will this level hold price back again? Not sure, but I like it. This is chambered to be a somewhat decent trade, that actually can be played in classic trend continuation fashion if one were so inclined. Benny
Short
by BennyManieri
USDJPY 1HR: Potential TCT & Pattern Formation ShortsSince 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 potential advanced bat formation. I doubt we'll see any of this occur seeing how tomorrow is Job's day, but it never hurts to do your analysis and I'd much rather be over prepared to catch an opportunity that under prepared and miss one. Also if you haven't done so, make sure you head over to my Youtube channel and check out my latest videos. I'll be adding a new one demonstrating some techncial analysis later today, but I've recently done two answering questions about the benefits of using multiple brokers and talking about the biggest hurdle in my trading career and how I overcame it. ( goo.gl ) Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
19
CTS Sell on the GBPJPYOn 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 order sell at 164.41 conservative- wait for reversal setup such as a double tob, 2618 sell or pin bar reversal at the kill zone. Stops Above near term resistance Targets near term structure levels Good Trading Guys
Short
by Siyabonga_Ngcobo
GBPJPY Short HTF TCTNice 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 or 15M. Stops/targets as pictured are not final yet. Trade according to your plan. *Do your own analysis before entering any trades
Short
by RobinOphion
EURJPY: 4 Hour Potential Double Top and/or 2618For 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 close, or a 2618 for conservative traders looking for proof of a hold and a retest. We've got our morning Warroom meeting at 8:30 (NY) then I'm getting ready for an awesome training lesson this morning at 9am on position sizing and trend continuation trading. Good luck out there in the markets this week. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Face book: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
34
1.618 inversion on the GBPUSDon 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 level (resistance in this case) then taking a fib extension from the swing low ( in yellow circle) to the most previous swing high ( in yellow circle ) to find what is called a 1.618 inversion. i put my targets previous resistance because it could become support and stops go above the previous structure highs. COMMENT AND LET ME KNOW WHAT YOU THINK! if you like this kind of analysis and are interested in learning how to use this trading style and willing to work and backtest these strategies then check out my youtube channel for some free trading education! LINK: www.youtube.com
Short
by StevenH
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 trend continuationHere 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 because during my backtesting i did not know when the rate decision came out but it is something that anyone trading this week needs to be aware of. Make sure to double check your stops and targets on all your trades and good luck! Check me out on youtube to see how i analyze the market and a few tutorials on advanced pattern strategies and structure based strategies! LINK: www.youtube.com THANKS again and best of luck in these thin holiday markets!!
Short
by StevenH
Bitcoin: 3 Bearish Opportunities approachingI 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 (yellow) and the second being a bearish cypher (red) Stops for the bat pattern will be well before the cypher completion so there's no need to worry about choosing one over the other. Before both of those potential patterns we also have a CTS based trading opportunity at the bat pattern "B" leg. At that level I'm seeing a potential ABCD completion, the RSI is already overbought, there's structure looking left and we have some fibonacci confluence. So not a bad opportunity. Waiting for a conservative reason for entry would make it an even better opportunity for you lower timeframe traders. If you're interested in watching me trade live I've opened up access to my live trading room for today. 8am-11am New York Time. Just shoot me an email before 7:45am NY time and I'll get you the login information Akil [email protected]
BITSTAMP:BTCUSDShort
by Akil_Stokes
2
CTS Trade on the EURUSD LongAs 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 We are somewhat close to reaching my predicted levels. Its just a matter of patience and for me to wait on this one Good Trading Guys
Long
by Siyabonga_Ngcobo
2