AUDUSD 2618 Strategy2618 Strategy Trading Setup
Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg
With regards,
Michail Sideris
26-18
XAUUSD: Gartley Pattern Completion w/2618 on LTFA Gtartley Pattern completion with a double bottom and now 2618 opportunity on the lower time frame. I wouldn't trade it was a gartley and attempt to use 2618 stops, but you can certainly look to protect profit or shoot for extended targets based off of the higher timeframe pattern including the potential bearish cypher that still exists
Possible cypher giving us bearish potential on the EURUSDCurrently the EURUSD is in consolidation however the is opportunity to take a 26- 18 short near the current resistance zone. as well as taking a cypher short @ 1.1465. If Price action fails to hold though the 26-18 setup Then bears can have the opportunity to take the Cypher .
Good Trading Guys