AUDUSD has a retracement after the double top formation has formed, what's interesting is that the market is below the 2 moving averages. I'm watching closely for a shorting opportunity.
"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend... of course, this is juz a trading idea, no indication of buying or selling... strong resistance : 1584-1600 current resistance : 1560 current support : 1500-1520
ETC made a double top pattern with bearish divergence in RSI. Looking for price retracement to .618 to buy. Let me know what you think.
RISK/REWARD RATIO = 1:3 AT THIRD TARGET. PUSH LIKE, PLEASE! ;)
A check back on the retracement of the double top setup gave an opportunity to engage the trade. At the blue trendline, it will be level I'm observing if a break below and close below the trendline is going to happen, for that I'll leave it to the alert set on trading view. If you do not have an account with a trading view yet, clear your cache, set up a new...
The EURJPY hasn't been too nice to me over the past 2 trades, but it was once again one of the pairs on my radar during this weeks video. This opportunity isn't as good as the last 2 (yes they were still "good: opportunities even though they lost) but it's one where a trader can take a conservative approach to get involved. This conservative approach would be in...
short sell at spx 2984, target 1 support (2748) and target 2 (2585). Stops (3130). www.youtube.com
I know I posted a long trade on the down earlier at 25000 and that trade is all and good... but I wantd to show you what the sellers are also looking at …… my thoughts... 22,000 is in the cards my friends your thoughts? educational use only
EURGBP 2618 trade around 0.90318 will be a good area to short SL : 0.9053 TP : Follow arrow
All trade conditions are met: double bottom, RSI divergence, 61.8% retracement was not hit between 5-9am central time. Targets are at high of the extension beyond the double bottom, and the 127.7% extension. Stop currently 10 pips below the double bottom, will be rolled to 5 pips past entry if 1st target is hit.
Demo trade. Fits all of my entry rules: RSI divergence, double bottom, 61.8 retracement of the extension past the double bottom.
After a confirmed double bottom, the price retraced back to fib 61.8 price level, a doji candlestick with a few long wick candlesticks, it is safer to confirm the stop-loss to be in this level now minus some pips. The trade setup can provide 2:1 R:R for the first target and in the daily chart it can be extended to 0.954 price level which can be trailed using 4H TF.
On the GBPCHF hourly we had a 2618 trade set up hitting profit target, this move was also the D leg completion of a Bat pattern. Conservative traders can get a second chance to enter the Bat pattern IF we can get a second retest of the 88.6% entry level.
USDJPY 2 Tea Cups & Possible Double Top I'm active in the teacups if it closes above resistance I'll be closing these trades out. I'll take the 618 retracement as well if it doesn't though. Moving Averages are a good distance apart as well. E1: 111.48 E2: 111.598 SL: 30 TP: currently 50 if resistance holds and it goes down to the 618 as stated above I'll be...
- Long on the Double Bottom with 2618 - Bearish Harmonic Pattern Cypher
Looking to long the USDJPY as 2618 pattern forms in the structure
EURUSD pulled back to 61.80% retracement level and is building support around here. There's was some 16% extension beyond the previous low and currently the parallel median line of this inside set is zoomed, which shows some underlying strength of this pair at this level. It makes sense to accumulate long positions with stops below the current low for longterm...