Ctssystem
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
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TCT Trade at StructureLooking to buy this market at that 0.73700 level where we're coming up at some Key Fibo Levels(0.786/0.382) that're lining up to the pip with that Structure Level, and a valid TL converging with that KillZone. For S&D Traders, we also have a fresh supply zone from that Rally, Base, Rally.
Keep an eye out for when Euro gets cheap enough to buy this back up to the 0.74800 Level as a Trend-Continuation to the upside.
Target 1 for about 100 pips. That 0.76500 Level would be the next target you're shooting for Target 2.
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