Trend continuation style . using some Fibonacci extensions and inversion combined with ABC pattern ,
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...
got a nice potential Fibonacci inversion setup with an ABC correction. Great risk reward on both target 1 and target 2. This setup has been working great over these last few days and it looks like its presenting another nice setup.
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
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
With the gbp/usd breaking a major structure (support) level earlier today. it is now rallying back up to the 1.42266 structure level that has Fibonacci 1.618 inversion confluence. if this trade fits into your plan, it is an excellent opportunity with a ton of potential reward for not much risk.
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...
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...
Syndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would...