EURGBP 2618price now at the top. we can get best price for short using 2618 strategy.
2 target on the chart and swing target all the way to the downside
2618 Trade
USDCAD potential 2618 Trade SetupIf price ever pullback to 61.8 level. it will be a good 2618 trade.
USDJPY - H1 - Bearish Bat & 2618 - Double whammy?Patterns have been good in the last few days on the USDJPY -0.10% and it looks like we might have another forming as we speak.
Aside from the advanced patterns, we have recently put in a double bottom with RSI divergence at this lower level, price has now broken and closed above the 'V' of the double bottom and looks to be taking some relief at the moment. This gives us a potential 2618 long setup should price action come right back down into that 61.8% level.
If that were to happen first (rather than price just rallying up into the Bat entry area without a pullback), then we would potentially also have an almost perfect AB=CD measured move up into the Bat entry level as well.
Which way will it go and in which order, could we see a double whammy and hit the 2618 into the bearish Bat pattern back down? Either way lots of potential action at the moment on this pair!
4 hr potential buying opportunity on usdjpy 2618potential 2618....Usdjpy had a nice bat pattern setup I took last Friday. Pattern hit 38.2 of bat and reversed to the downside. It set up for a nice 2618 opportunity the market broke the neckline of the double bottom and the market is currently coming down. Markets on 1hr hopefully will be oversold and I will look to buy with a limit order if market is oversold at the 109.089 level (61.8) on fibs... stops will go about 10 pips below our previous lows of double bottom. (BTW 1 hr confirms exact same setup )
AUDUSD 2618/Inside hour combinationAUDUSD has an hourly double bottom that broke the neckline, it retraced to the 0.618 spot and it gave an inside bar that broke to the upside.
It's a good shot to long for me, with a 0.7837 out and 1st kick @ 0.7898.
GBPUSD Short Setupi look for short position for this pair, either using 2618 strategy or shark pattern.
let's see
Spot Gold 2618 - Daily Since the beginning of 2017 this market has been on quite a rally. We started the year down around the $1120s price area and have recently tested that $1280-$1300 area a couple of times. You can see from the daily chart that the $1300 psychological level appears to have held for the time being as we put in a nice big double top back in June. We've since seen price come down to break and close below the V point of the DT, which now allows us to start looking for a potential 2618 trade. Price action is already putting in a retracement up towards that 61.8% level, and if we do get up into that $1260-70s area, I'd be looking for an entry reason into a short trade.
Edit: Forgot to post this last week and it looks like I might just have missed this trade. Will be watching the lower timframes now to see if there is a possibility for a re-entry. If there is then we might be able to get involved, just don't try to force it!
Buy GBPAUD with Double bottom in D1 and 2618 patter in H1GBPAUD is in double bottom in D1, it retracement 0.618 already, now price action confirm in H1 that have 2618 pattern. Should buy it with long profit more than 500 pip
Buy GBPAUD with Double Bottom in D1 and 2618 Pattern in H1GBPAUD is in double bottom in D1, it retracement 0.618 already, now price action confirm in H1 that have 2618 pattern. Should buy it with long profit more than 500 pip
AUDCAD potential short zonelook for short entry based on gartley pattern and fibo cluster.
watch the fibonacci cluster to get best entry
EURJPY - Potential Bullish Bat Formation EURJPY was the simplest of the bunch this week as all we have is a potential bullish bat formation setting up on the 4hr/1hr. Overall i still have a bullish continaution bias on this pair as well.
Akil
Short EURJPY 2618Price has pushed back up to previous structure giving us a 2618 completion
Stop @ 130.75
Target @ 130.00
providing a little better than a 1:1 RR
LONG NZDUSD 2618With the push down from news we now have a 2618 completion. Stop below 7400 target 7550
AUDCAD - 2618 Trading Opportunity The final opportunity discussed in this week's video was of a 2618 trade here on the AUDCAD. As usual the killzone for the 2618 technique is between the 61.8 Fibonacci retracement and the previous structure high. However in this particular case, I also have a secondary killzone on my radar which rest slightly lower then the higher zone that i'll be paying attention to for potential opportunties to short this pair.
Akil
EURAUD - Back to Back to Back to Back BUT Check Your "B" Leg After a pain free drop from yesterday's bearish Gartley Formation the EURAUD is now putting in a potential Bullish Cypher formation. HOWEVER it's extremely important that you draw this one out on your own charts. On my charts the pattern formation is INVALID due to the "B" leg, but many of my Live Room members had it valid on their charts which is why i wanted to share it with you.
It's important to always Trade What YOU See. Price quotes in the Forex market vary from data provider to data provider, which is another reason why you should NEVER blindly follow another trader and trust what you see on your chart!
Akil Stokes
Double Top & 2618 on GBPJPYHey guys,
this is a pair i've been looking at for the last weeks, and it turned out to be a good setup. Now price managed to break and close below the double top's neckline and that gives and indication of its intention to go lower. As usual, when such cases happen i look for a 618 retracement and sell at market, in according with the 2618 strategy. Stops would go above the tops, target 1 at the retest of the lows, target 2 to be determined.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
