Here is a Bearish TCT setup on AUDUSD. I'm looking to get back in the direction of the overall trend which is bearish. There is also a POTENTIAL Bull Bat lurking down at the lower levels that we can keep our eye on. I took this @ Market. Stops - 1 ATR above last swing high Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Ext. This also lines up with a...
USDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or...
Bear Bat is formed on AUDUSD 1 hour chart Sell at .7021 with stop at .7069 First target at .6947 and second target at .6901
Bear Bat is forming on GBPJPY 1HR Chart Sell at 168.49 with stop at 169.56 First target at 166.77 and second target at 165.7
GBPUSD has been in a heavy downtrend. I'm looking to sell ALL rallies until this trend is broken. As price pushes up into my sell zone I will be looking for Advanced Patterns, Harmonics, etc to help find a good entry. Stops - 1 ATR Above last Swing High Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg down
USDCAD has been in a MAJOR UPTREND for many months now. We have a Bull Cyhper coming into a lower support level. It has 100+ Pips of Risk so bear this in mind. Entry - Bull Cypher Stops - 1 ATR Below Support Level Target #1 - Retest of Highs Target #2 - 1.27% & 1.618% Fib Extension
AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone. Target #1 - Retest of Lows Target #2 - 1.27 Fib Ext of last leg Stops - 1 ATR above Previous Swing High
Sorry this is getting out a little late. I haven't had time to Publish it due to my Daytrading this morning. USDJPY Bearish Trend Continuation Trade (TCT). It has a CTS score of 6 depending on how you score it. We have structure, fibs, and an ABCD Pattern all lining up in one area (Purple Box). Also the RSI went oversold. I used the 3 Bar Reversal technique for...
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...
USDCAD has had 9 Straight days of Advance and has been VERY Bullish. It's currently in a nice Rising Channel. The Balance Area at the highs looks like Distribution to me. A lot of times this is a "topping pattern". So, I'm waiting for a Break & Close out of the Balance Area (Yellow Box) and will enter a short position. Stops - Will be 1 ATR above the Breakdown...
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...
GARTLEY PATTERN PAIR: AUD/USD TIME-FRAME: 1HR TRADE: BEARISH GARTLEY PATTERN Our Cypher pattern has already been filled and we will be waiting to see how this trade plays out. If we get a stopped out Cypher, Then I'll be looking to take the Gartley pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade...
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.
Bull Cypher is forming on the 1 hour chart on USDCHF Buy at .9967 stop at .9896 first target at 1.0026 and second target at 1.0064
Bear Bat pattern is forming on 1 Hr chart for AUDUSD Sell at .7260 with stop at ..7300 First target at .7197 and second target at .7161
Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...
The S&P 500 has been in a Bear Trend on the 1hr since Dec 2. We will continue with that theme and sell rallies. This is at market Sell on the S&P. Stops above the last swing high and Targets are down at the lows and 1.27 Fib Ext (all shown on the chart). Entry was a rally into the 78.6% Fib Retracement, 1.618%Fib Inversion, and a complex pullback in the form of a...