Fibonacci Cluster
$AUDUSD for the week 1-5 AugThe only thing i expect from this prediction is a bearish move if the price gets to around 0.7645
GBP/JPY: structure and fib confluenceAs we go down making lower lows, the price is getting close to a very nice point of confluence at @134.000 even handle
At this point we have the following:
61,8% fib retracement
1,272% fib extension
Structure alignment: support
We think we might get filled in this trade next week
Remember Eyes on your mind, not on your trade
Cortes Team
Thanks !
USD/CAD Trend Continuation Trade + Potential Gartely CompletionPrice finally broke through the flat top triangle on the Daily time frame, right now we are having what looks like a pullback to test previous resistance level. upon zooming into the 1 hr time frame, there is a potential gartely advanced Patten that can be used as an entry technique. There is also fib ratio confluence, AB=CD Harmonics, major market structure and a demand zone on my trading time frame.
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
Trade Empowered on YouTube goo.gl
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@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
GBP/JPY: Closing in to a major reversal areaWe are looking at the GBPJPY approaching a major level of structure (Resistance) in confluence with a major fibonacci level (The 61.8). We will be waiting for the price to show reversal proce patterns, not likely to enter aggressive in this trade,
Of course if it breaks above the resistance, we'll start to look for long opportunities.
Remember guys, Eyes on your mind. not on your trade
CortesTeam
AB=CD COMPLETION AND FIBONACCI CLUSTER TRADEWe are looking to short the market @ 1.11600. for three reasons:
1) Cluster of long and short term fibonacci retracement and expansion
2) The completion of the AB=CD harmonic move
3) all of thi in confluence with a major structure resistance
Remember guys: eyes on your mind, not on the trade.
CORTES TEAM
HOW I TRADE (VERY HELPFUL!!)HOPEFULLY THIS HELPS YOU GUYS!
REMEMBER TO HIT THAT LIKE BUTTON!
GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED!
THANKS
TOM
AUD.USD - Bullish Cypher Setup - 0.7180On the AUD.USD 1h chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 0.7180 & 0.7151
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence - 78.60% - 1.414% & 1.618%
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 0.7272
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
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EURUSD - Trend Continuation Opportunity on 1HMarket is setting virtually the same trading setup as last week -
This time the trading opportunity is on 1H.
There is nice kill zone formed by Previous SL, AB=CD harmonic move, 1.272 Fibo Extension and 1.414 Fibo Inversion, 0.618 Fibo Correction of the the most recent down move(blue line),
Wait for an entry reason that is completely aligned with your trading plan or you can enter aggressively - you will still get more than 1:1 R/R.
Good luck
EUR.NZD - Bullish Bat Setup - 1.6489On the EUR.NZD 1h chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 1.6489
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 161.8% - 141.4% - 88.60%
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.6655
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
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Are we going to start a long for a while ?I really would like to hear your feedbacks and opposite ideas.. Express yourself freely as the way you want. Because i will learn much more with this :)
USD.CAD - Bearish Gartley Setup - 1.3014On the USD.CAD 1h chart we have a potential short opportunity at the D leg completion of a bearish Gartley.
The price reversal zone on this pair is at 1.3014
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 127.2% - 141.4%
AB=CD Completion - 1.3020
Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.2811
Stop loss would be placed above X leg structure resistance.
Website: www.UKForexSignals.com
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NZD.JPY - Bearish Bat Pattern - 74.639On the NZD.JPY 1h chart we have a potential short opportunity at the D leg completion of a Bat Pattern .
The price reversal zone on this pair is between 74.639 & 74.885
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 1.618%
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 72.813
Stop loss would be placed above X leg structure resistance.
Website: www.UKForexSignals.com
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USDJPY 1HR: Potential TCT & Pattern Formation ShortsSince breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short.
As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a potential advanced bat formation.
I doubt we'll see any of this occur seeing how tomorrow is Job's day, but it never hurts to do your analysis and I'd much rather be over prepared to catch an opportunity that under prepared and miss one.
Also if you haven't done so, make sure you head over to my Youtube channel and check out my latest videos. I'll be adding a new one demonstrating some techncial analysis later today, but I've recently done two answering questions about the benefits of using multiple brokers and talking about the biggest hurdle in my trading career and how I overcame it. ( goo.gl )
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
TCT Using An Advanced Pattern as an entry TechniqueI Spotted this High probability setup today and Just wanted to share with you guys.
its a bullish trend continuation trade using an advanced patten (Bullish Gartely) as our reason for entry.
Here are the list of elements i used to build a case for entry:
1. A break of major structure to the upside and then a retracement back towards it
2.ABCD harmonic move completing at or potential reversal zone
3. Fibonacci Cluster at our potential reversal zone
4. Potential Advanced pattern formation.
5. 55 Day EMA confluence on the daily time frame.
Please this is not trading advice, i'm just sharing my thoughts so make sure you know what you are doing and don't follow me blindly. Thank You.
Comments and constructive criticisms are most welcome.
$AUDCHF | High Probability Reversal @ 0.78228 | Fib Wolfe GeoHello Traders,
Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters.
Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as possible. Which we also have here. The Wolfe is near completion, but this alone will not give us a complete analysis.
Geo's Off-Set Rule - I have defined levels at 0.75558 and 0.71548 to clearly show where the Geo's Off-Set Targets lie.
Rule 1 - If WW completes at point 5, we will look at the 1-4 line as the exit point.
Rule 2 - If price hits 5', we will look at point 4, 0.71548, as the exit point.
Rule 3 - If price hits 5" we will look at point 3, 0.75558, as the exit point.
Fib Clusters - There are 2 Fibonacci Extensions I chose to display in this chart. The first one is the one on points 1 & 2. This gives us a maximum excursion point at which price will need to reach in order to complete the 1.618 ratio. The next Fibonacci Extension is used on the final leg down from 3-4 which gives us a 2.618 confluence zone with the previous Fib Extension.
With that said, 0.78228 is the point price will need to reach in order to reverse its direction. If this pair moves quickly we may touch the 5' line defined, which would give us a high probability target of 0.71548 as an exit. If price does not reach the 5' line I still expect 0.71548 to remain a high probability target.
Best,
Chartistry
Bearish Bat on GOLD, Nice RRWe have a bearish Bat forming at previous support/resistance level, so we expect a re-test of resistance an then fall to previous support
Hope you enjoy!
PS: I'm not 100% trader, i dont know anyone that is, and because of this, i maybe fail in my prediction, but that is ok
