Hey guys,
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 actually represents the daily structure zone, where i can look for trading opportunities.
In addition to that, i've found an AB=CD 1.27 pattern completing at the same exact level of the Gartley's completion. Both end up right at the psychological number (0,7700).
All these reasons make me feel more confident on this trade.
But as a conservative trader, i think i'm going to watch for price action to send me weakening signals and then sell at market.
I'll keep you updated.
Feel free to write below if you want to ask quesions.
Otherwise, see you in the next chart!
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 actually represents the daily structure zone, where i can look for trading opportunities.
In addition to that, i've found an AB=CD 1.27 pattern completing at the same exact level of the Gartley's completion. Both end up right at the psychological number (0,7700).
All these reasons make me feel more confident on this trade.
But as a conservative trader, i think i'm going to watch for price action to send me weakening signals and then sell at market.
I'll keep you updated.
Feel free to write below if you want to ask quesions.
Otherwise, see you in the next chart!
Trade active
Note
Clue n°5: RSI DivergenceTrade closed: target reached
First target hit (note that it's different from the first on the chart) ! Stops at break even now.Note
Second target would be right above 0,76 even handle number:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.