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TCT

GBPJPY 60min Bear Bat + Double Top @ Entry + TCTGBPJPY has been in a Bearish Trend. It has recently pulled back into previous structure in the formation of a Bear Bat Pattern. Price has now Double Topped at the Bear Bat entry point with RSI divergence. For me stops will go 1 ATR Above the Double Top and I've shown a few examples of where one could take profits. Great R:R no matter where you are taking profits. CTS Traders: - Structure - Bear Bat Pattern - Double Top @ Structure Zone - RSI Divergence - In the direction of Trend How much more can we ask for!!?? IF this type of trade is in your trading plan THEN it's a no brainer! Best of luck in the Markets
Short
by PateSkpate
AUDUSD 240min Bear TCTI've been waiting patiently for AUDUSD to pullback into an area where I can get a good R:R Trend Continuation Trade out of it. It has formed a Bat Pattern which allows me to place sell orders at very good level. I will be trading 2 targets on this trade and will trail stops on the 2nd position. On the Daily chart, price has been channeling between Support and Resistance for quite some time now. It has recently come off of the Resistance Zone and is hopefully on its way down to the daily support level.
Short
by PateSkpate
3
GBPNZD - Continuation of the channel?Today I've got GBPNZD on my radar. We have had news come out for China and the Australia area so AUD and NZD have moved a lot, once that move is over we can look for continuation of the pair in front of us. I choose GBPNZD over GBPAUD because this one has broken a large structure level to the upside and price action is moving nicely along in the channel. So this provides us with a great trading opportunity. My personal bias on GBP is also still bullish. I am waiting for price action to hit my killzone (purple box). After that I will look for a buy candle or signal to enter the trade. As you can see the 100 day moving average is also doing what it should do, so that confluence is what I am looking for. With these high ATR pairs I am looking for a tight stop after confirmation of the buy candle. My first target will be at 1.8050. Remember the most important thing once we hit our killzone is to let price action show you that the bulls have returned, if price action continues bearish, we just scrap the trade and look elsewhere. PATIENCE WILL PAY. Have a nice day and if anyone got in the AUDUSD long, I hope you hit some targets there!
Long
by RobinOphion
USDCHF - Chance to re-enterAs I failed to post this chart earlier, when I got in the first time, price action is now approaching my level again where I will look to sell some more. I first got in at 1.0097 and it proceeded to hit target 1 at 1.0052, so my risk is off for this one. Price went oversold as you can see by the RSI and is now making a retracement. I am looking for a sell signal at the purple circle and if you wish to trade this also you could enter there, place the stops at the red line and target at the green circle. But I do warn you, I don't enter at limit, I need some confirmation that price action is not just going to blow through. If it does we'll obviously shift our focus to a bullish stance. Of course, do not do anything I say, follow your plan! But if you look for the same type of setups as me you could use this to help with your own analysis. Good luck! Edit: the risk/reward bar is the current trade I am in
Short
by RobinOphion
AUDUSD Prediction...Hey all, Been watching this Potential Bat pattern for a while now. Recently we have had a break of structure to the upside indicated by the break of the first green box, and we are now retracing back down into it. I would now be expecting the market to again make a NSH into the bat completion zone, before rolling over for some profits. If we get up there that is our plan, and if it never does it then we simply don't take a trade and look for another opportunity. Fibsii Team
by FIBSII