2618 Trade
NZDCHF 2618price complete double top and break the trendline,
i will wait price retest the structure on neckline to short or 61.8 level to use 2618 trade setup for another short.
RSI also shown bearish divergent
target on chart, stop above double top
GBPUSD (VIDEO) A Quick Structure Trade w/ A Good Risk/Reward Here's a look at a simple structure based trade on the GBPUSD and a few ways in which you can take advantage of this opportunity.
EURUSD Potential MovementPrice complete bat pattern on potential neckline, we can expect this pattern can bring back price to the upside to complete 2618 and make right shoulder to complete head and shoulders.
If 2618 really happen, we can take another short position.
CADJPY 2618after double top, price pullback to the structure.
i want to short again, either break the trendline or complete 2618.
stop above double top.
DXY, 0.618 and 2618 combination!Reversal sign @ 93.10-93.20 will be necessary for this trade.
It's pretty much more an overall idea than a trading idea for DXY itself, I'll have an eye on it with all the risk events in Europe today.
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tradingview.go2cloud.org (link to TradingView live chart) , welcome to click it as a like button for this article:)
USDJPY 0.618 and 2618 combinationOften times, we want a reversal sign at a 0.618 retracement as a confirmation entry,
in this case, USDJPY gives a double bottom at the 0.618 spot, so that we could do a 0.618 and 2618 combination trade!
Let's see how it goes!
Gold 2618Gold now complete 2618. and ready to buy
After double bottom, price pullback to 61.8 level and neckline area.
target on chart.
stop should below double bottom
Missed the double top? This is how to get in later! 2618 NZDCADAfter the beautiful double top on this pair a new entry is up, right now!
Priceaction has retraced back into structure and has shown a new set up to enter...
NZDUSD Buy Strategyafter rally, Price pullback and we look for another buy.
now price to 61.8 level after previously make a double bottom to complete 2618 and also potentially make a cypher pattern.
we can entry based on this two reasons.
bigger picture potentially make an inverted head and shoulders as well.
Alright, EURNOK 2nd Time Around Bearish Bat ShortMy last EURNOK didn't go quite well, but thats okay, win some lose some. Anyways, I am going to strike this pair again. Going for a 26.18 and a Bearish Bat pattern at the same time forming.
The 2.618 trade is a great pattern invented by Jason Stapleton, kinda high risk pattern but is great as its always going to have a greater than 1:1 risk reward.. I am paring this 2.618 pattern with a bearish bat, together, will give me less risk more reward.
Lets see, price needs to bounce just a bit higher for me to get in.
NZDUSD 2618Price complete double bottom and break the neckline.
we expect price retrace to 61.8 level and neckline area to complete 2618.
stop below double bottom.
TP1 : 0.68950
TP2 : 0.69450
GBPUSD-M15- The 2618 trade setup (educational)Im closely following price action on this pair. I found this textbook 2618 trade setup.
The 2618 trade is essentially a less aggressive approach at entering the classic double top/bottom pattern. It uses trend continuation type of entry in order to get involved in a
counter trend opportunity since before entering, the trader seeks confirmation that the trend has reversed. 2-618 stands for a double top/bottom (2), followed by a 61.8 retracement.
When looking for this trade setup the trader must first identify a double top/bottom. After a valid double top/bottom has completed, the next step is for price action to break and close past the midpoint of the fore mentioned pattern. After this occurs, the trader will then look for price action to make a retracement of at least 61.8, pushes back into the previous structure support.
Traders looking to take the 2618 setup are either looking for a less aggressive approach to enter, when they predict that the market is at a turning point, or looking for a second chance toget involved in a trade that they had previously missed.
Best regards.
AUDUSD Buy price break trendline and pullback.
after make a double bottom, we can entry for buy using 2618 trade setup.
USDJPY Hourly 2618 long opportunityUSDJPY has retraced to daily 0.618 area, and it did have some sort of support which formed an hourly double bottom reversal sign.
Accordingly, an 2618 long is a worth trying trade for me as it gave multi time frame continuity.
It's important to see if it can pull back to the entry before making new high, as if it makes new high first,
it may influence the entry point.
Let's see how it goes!
2618 TradeI been trying to really identify 2618 as they are pretty rewarding. I have RSI overbought as confirmation and my double top followed by a retracement of 618%.
Bitcoin: The case for a move down.Bitcoin has grinded its way back to the 61.8% fib retracement of the fall from ATH to the recent lows of 5550. The 61.8% also happens to line up with previous support and the psychological level of 7000. Would not be surprised to see a move back down into 6000 and lower over the next few days.
If 7000 does not hold to the upside 7200-7400 would be last bastion before a continued press higher and new ATHs.
However I do not recommend shorting this beast as that's a good way to burn your account.
Let me know your plan / thoughts below on bitcoin from here.
Good trading all.
Luke
BTCUSD 4hr 2618 and demand zone long opportunityBTCUSD has a 4hr 2618 and demand zone combination.
While as it may keep on making new pivot high, it may influence the 2618 entry, so keep an eye on it.
I'm not quite familiar with Bitcoin trading; I'm just trying to apply the trading skills I learned to different kinds of vehicles.
USDCAD XYAB Pattern and 2618 combination USDCAD has a XYAB and 2618 combination long opportunity.
The trade looks very in line with this 2 strategies, the only thing that's a minus is the weekly inside bar breakdown.
Still, in a day-trade perspective, this trade is good enough to trade!
Let's see how it goes!
2618 Second Chance on EUR/USD: Triple play potential.I'm looking at a 2618 trade-setup on the 60 minute for a second chance at entering Short EUR/USD.
At the end of last week, this pair closed forming a double top (yellow triangle). As we came into the beginning of this week (today obviously), price action has confirmed the double top shorting opportunity and retraced nicely into 161.8% extension of the right leg and low of the double top and has begun a bullish retracement subsequent to the extension down.
This should provide a second chance at a Shorting opportunity if price retraces at least 61.8%.
I tend to look for entry halfway between the 61.8 and 76.4% retracement as in my back-testing, price has shown a tendency on occasion to retrace higher.
I'll be looking to place Stops above the high of the right leg of the DT.
As for targets, price action is in the process of forming a Bullish Cypher (I'll post a separate analysis on this later). I'll, in anticipation of this harmonic pattern completing, be using the completion level as my target for the Short.
Overall, I have a short term/limited bullish view on this pair to about the 1.1775 level which would potentially be the completion point of a 4H potential Bearish Cypher (post that idea later as we get closer to completion). As such, I anticipate the completion of the 1H potential Bullish Cypher to act as the catalyst for the predicted bullish momentum.
The bullish bias is limited not only because of the anticipated Bearish Cypher, but mainly following from the spot on analysis posted on this pair by Akil Stokes (see link below-Thank you Chef). Price action has broken the neckline of the Daily Chart Head and Shoulders and has since found support at about the 1.1612 level. As such I anticipate some upward corrective movement/relief, before further downside is achieved.
EURJPY short setuppattern and fibo confluence found on the structure area.
we can look for short entry either use pattern or 2618 trade setup.
goodluck
Follow the trend!Hey guys,
EURNZD is in a very strong upward trend, you can see that by looking at the daily chart over the last month or so. A series of higher lows and higher highs certifies that trend and i want to take advantage of that by looking at long opportunities down on the lower timeframes, but only in the zones that i think are most important, like daily structure. Here you can see a yellow box representing a big structure zone that i'm paying attention to. Here, on the hourly chart, price went oversold and created a double bottom followed by a break of structure to the upside. This creates the condition for a 2618 trade and i'm taking this long if price will retrace at that level (blue line), with stops and targets as shown above.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
