Counter Trend Bullish 2618EURNZD overall is bearish. double bottom has formed. potential bullish 2618
2618 Trade
USOIL: Potential 2618 SetupTonight's US Oil Inventory might be moving the market. Be cautious.
Sentiment Analysis:
Current market environment - Risk-On
Technical Analysis:
Potential Bullish 2618 setup completing @ 45.34
www.facebook.com
www.youtube.com
www.fxpresearch.com
Gold - 2618 to catch a downtrend from the very beginningGold made a double top so I'm counting on a 618 retracement to add more to my position, much much more cause this will probably be a big one:
USDCAD double top intraday tradeGreat opportunity for those looking for a safer reentry on USDCAD if you missed the chance to short earlier , for those looking to guarantee thier order gets filled try setting your entries just below the 1.26 level
AUDJPY: 2618 & Potential Advanced Pattern Formation As the market looks to retest the previous double bottom, we have a potential 2618 trade setting up starting at the 61.8 Fibonacci retracement level. IF price action rallies higher we may also have and Advanced Bat Formation setting up as well.
Data is often different from broker to broker in the Forex market so please check YOUR price chart for this pair. My data has the "B" leg falling just shy of the 61.8 retracement which is why I qualify it as a potential Bat Formation & not a Gartley Formation.
Also if you haven't done so make sure you check out my latest article for FX Trader magazine titled "Trade Like A Business: two Steps to help increase your trading productivity" starting on page 79.
Have a great day...or night depending on where you're located!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
Instagram @AkilStokesRTM
Possible Doubel Bottom / 2618 if we see this candle close above the previous lowest close I feel we could see a move upwards
If we get an impulse leg and structure broken we could see a potential 2618 set up
USDCAD Possible 2618 setup 4hr chart we have had our double top and impulse leg down breaking structure.
Waiting for the outside return to the 618 level before seeing a drop to the downside
order in place for entry 1.30400
GBPJPY Possible 2618 set up 4 Hr Just looking at possible ways this pair might play out over the coming days
Overall I have a long out look after the Brexit result last week
GBP/USD 60 min Bearish continuation/Gap fillI'm looking for price to fill the Gap. There is a 1.618 fib ext and a .618 fib retracement right around Fridays close. I want to get short around 1.3659, stops should go at least above the structure high around 1.3790, you could go higher or lower depending on your trading plan. I would look to take profits back to the swing low 1.3205. There is also a bearish 2618 trade opportunity at 1.3357, I wouldn't get short there just because price has been so oversold and the big unfilled gap. There is also some bullish RSI divergence on the 60min as well. This could be a potential buying opportunity. Look for a double bottom etc around 1.3160's-90's. Plenty of opportunity's, good luck trading out there.
EURCHF double top 0,618 RetracementThere is a potential 2618 setup lining up for the EURCHF.
First target would be 1:1
Extended targets have a decent risk reward.
You´ll need to catch this one quick as it hits the 0.618 retracement very soon.
Hopefully this will help you all.
Have fun and good luck trading.
Hit the follow if you like my ideas;)
USDCAD possible 2618 on the Daily As we can see we have already had a 2618 trade set up occur, I missed this so will not enter until we reach the 618 retracement of teh double bottom set up
'IF' we come back up to the 618 area of the 1st setup first, then I will look for opportunites to get short
Bullish 2618 on AUDUSDDouble bottom followed by violation of it's highs and then retracement all the way back to 618 retracement presents a high probability bullish trade opportunity and a move upto 74450 can be expected
I missed the buy opportunity at 618 retracement so I entered at 786 instead which provided an even better opportunity
GBPJPY Monthly possible 2618 set up So over the last week or so I have had ideas about getting long and each time I think we have had a double bottom we break structure and push lower.
So taking a step back from teh daily and weekly and having a look at the monthly charts we do have a possible s618 set up happening, this would coinside with the further push lower and also be in or arround teh over sold level on the RSI
NZDJPY ABCD/1234 SHORT Found what I thought would be a simple shorting into a downtrend when price retraced to the 61.8 RETRACEMENT of the impulse leg XA
Further inspection of the RETRACEMENT LEG ABCD revealed a 1234 movement, which terminates at the 1.272 EXTENSION OF AB . This level has further confluence with structure on the left and with the 61.8 RETRACEMENT OF XA. This will be our ENTRY ZONE
Price seems to have neared ENTRY ZONE and retraced. Planning to enter a full position @75.41
(4h) Eventual 2618 with NasdaqFX:NAS100
Double bottom followed by a 618 retracement.
By the 618 retracement, IF=THEN
Safe Trades;
(4h) The Dax Bearish Bat @10400$FX:GER30
Waiting for RSI Bearish Divergence;
With a validated double bottom at previous support by a broken neck, the price is facing some pressure at the middle of the ascending channel. Weekly resistance above, price reversal zone at 88%, the Bat is almost completed.
Targets:
The 38% retracement, and once there, close half position size and move Stops to breakeven.
The 618% retracement, it could forge the 2618 bullish trade setup.
Safe Trades;
AUDUSD 2618 Trade @ 0.17467 on the 4-hour@AkilStokesRTM - what do you think? I know this is old, but just testing my knowledge. A valid 2618?
Verifone Report Today // Perfect 2618 running...NYSE:PAY
"Verifone is the maker of electronic payment terminals, including Europay, Mastercard, Visa (EMV) systems which accept credit cards with chips. As of October 1, merchants using non-EMV compliant terminals began assuming liability for fraudulent transactions, a liability previously held by the credit card companies. The shift in this liability should be profitable for Verifone as merchants scramble to update their payment terminals (at last read in 2014, the percentage of EMV enabled devices only reached 27%). Gas stations get a two year extension, however. None of the more than 1 million gas stations in the US have EMV capable devices at this point, due to the high cost of updating self-service gas pumps. Also worth watching on Monday is progress in Near Field Communication (NFC) technology, which allows electronic devices to exchange radio communication with each other when brought into close proximity -- technology used with such apps as Apple Pay, Android Pay and Google Wallet."
Safe trades;
GOLD: Bearish Cypher Formation with 2618 Possibility My trading buddy Phillip just brought this Bearish Cypher on Gold to my attention and although it looks as if price is rolling over off the "D" completion. Those looking for a secondary change for entry should keep there eyes out for a retest of the double top providing you with a bearish 2618 opportunity. If you're unfamiliar with the 2618 trading strategy, there's a free video training on our website (below)
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
NZDUSD - 2618 on DailyFor those of you swing traders there is a nice trading opportunity - there is bearish 2618 on NZDUSD, Daily time frame.
If you enter aggressively you will get more than 1:2 R/R.
Switch to Lower Time Frame(4H) and you will see that there is Double Top with RSI OB - look left and you will see a structure level.
On daily we are in bearish rotation with a NSL in late May.
You can go for 2618 on Daily Time Frame or take 4H counter trading opportunity.
As always trade according your trading plan.
Good Luck.
