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...
Here we have an 1.618 inversion lining up with previous structure and overbought RSI. For me this trade works best as a part of my CTS scoring system, so taking that into account i have decided that i need a couple of more things to happen before i can take this trade. I will be waiting for a double top back up at the 1.618 inversion along with some RSI...
Hello everyone, Philip Stewart from Star Prosper here. I did one of these posts awhile back, in relation to an actual trade. But I haven't done a break-down video on the CTS process for the trade we took about a week ago. In this video, we break-down the CTS Trade: www.youtube.com NOTE: These are potential trade opportunities. Please re-analyse...
Brief Analysis on USD/CAD, Price action presents us great level to sell. Check out my CTS : 1. 0.618 Fib Retracement (3) 2. 1.272 Fib. Extension (2) 3. 1.414 Fib. Inversion (1) 4. Previous Support & Resistance (3) 5. ABCD Pattern Completion (3) Total CTS score of (12), very reasonable place to go short, hope this idea helps your trading folks. Regards Fedro Christian
Things are looking good for me considering how May was terrible for me. However we have a structure short on the AUDUSD. I made a video explaining the whole process. youtu.be Good Trading Guys
I 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...
As 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...
Hey gang, lot's of dollar strength today and after big moves we typically see some relief. Below is a link to my weekly trading video where I'll walk you through the 3 different opportunities that the EURUSD will offer us to get long. "What The Internet Won't Tell You" www.youtube.com