just wanted to let you know i'm looking for a reason to short this market. I've noticed we've already completed a Bat pattern and price wasn't able to close above X point, this means the structure held and therefore we want to pay attention to that. As of now though, i'm not short yet because i'm waiting for a confirmation on lower timeframes such as 1h...
today on CADCHF price is coming back to retest a key structure area where we can look for selling setups in order to follow the latest trend here. As you can see it's like an ideal setup, when you see price breaking a support that then turn into resistance and push toward a downward continuation. Of course, we need some sort of signal in that zone,...
just wanted to share with you this Gartley formation that i think may be good to take. The bllue box represents a higher structure level and so the likelihood of this trade is increased by this factor.
Stops above X, targets as usual for harmonic patterns.
If you want to share your view, or simply ask questions, feel free to comment below.
i want to share another type of analysis today that i really enjoy doing: it is called CTS and it stands for Combined Tecnhical Score. It basically consists on finding more reasons all together in order to increase the likelihood of the trade itself.
First, i want to select my trading zones by using higher timeframe structure: the blue box i've drawn...
Cadchf trading around 0.7600 where above 0.77 Strong Selling pressure we can see as many times in months its push up above 0.77 but could not hold above for now if hold below 0.7750 level we can see it toward 0.72-0.74 level
Advice to sell in range of 0.76-0.7680 sl above 0.7770 TP1 0.74 tp2 0.73