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2618 Trade

Eventual 2618 // Bullish Bat // AB=CD // ®FX:AUDCAD Sell the 2618, buy the Bat... Let's see IF this top close below the first one, and IF this eventual 2618 setup become real... For that, we need the price to break the neck and to find support below it, then, we need one 61.8% retracement... ABCD basic pattern as first target... At the same time, a Bullish Bat that will be completed arround 0.9866$, 86.6% retracement. If completed, then buy it. BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades
Short
by Andre_Cardoso
Double Bottom Oversold with Bullish Div // Harmonic // IF=THEN ®FX:USOIL Oversold with bullish RSI divergence on 1h, 2h and 4h charts, i can expect a retracement to previous structure support now resistance @36.61 ; But there's a double bottom @34.61 , this last bottom must close above this price to validate. Where's a double top/bottom, there's a neck , there's a "V" shape also, and so, IF the price breaks the Neck and find resistance synced with previous structure @39.86 it will, eventually, forge a 2618 trade setup: double bottom followed by a 61.8% retracement, target an AB=CD basic pattern... eventual a 261% extension from bottom to neck movement ;) - Buy the 61.8% retracement... Major Bearish Gartley Pattern at the end of all this eventual process..., Short it when completed: GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe trades;
FX:USOILLong
by Andre_Cardoso
GBPJPY: Bullish & Bearish OpportunitiesSyndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short. The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance. There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade. I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com My YouTube Channel goo.gl
by Akil_Stokes
18
Bullish Gartley vs Bearish 2618 // IF=THEN ®FX:EURAUD Missing the "V" shape on this double top, but until now all the behavior is similar to a 2618 trade setup... Double top, neck broken, found support @1.435$ previous resistance, retracement... (CHECK LINK BELOW ) Now, IF the price hit the 61.8% retracement (previous neck) and IF there's any indication of a reversal, we can sell this pair with an AB=CD basic pattern as target . Also with one harmonic pattern on the way, one bullish Gartley pattern that will complete his formation around @1.4267, forging point D. The same, IF we see any indication of a reversal at this price level, as rsi divergence on oversold conditions or macd or whatever indicator we are using, we can think about buying this pair... Safe trades;
Short
by Andre_Cardoso
Double Top @ previous resistance // Harmonics // IF=THEN ®FX:AUDUSD Double top forged; (eventual sell here!) Or wait the price to break the neck, It must find some support below it, eventualy the monthly trend line that is acting as support also, and a retracement to the 61.8% zone should be a sign of a trend continuation downward, target one eventual AB=CD basic pattern, this is the 161% extension; Synced with a bullish harmonic pattern, the 61.8% retracement is the 2nd take profit zone for this lady; Safe tradeS;
Short
by Andre_Cardoso
AUDCAD: Potential 26-18 Trade We started watching this towards the end of yesterday's Live Room session and now we're at the point where we can start preparing ourselves on IF, WHEN & HOW to get involved in this potential bearish 26-18 Trade. (2618 Training Video goo.gl) Aside from that I just got long $EURUSD as well this morning, but the chart would literally be a black chart, which isn't as entertaining as this one. Also no "Morning Rant" video this morning guys but I will be returning with my usual Thursday Weekend Review video later. See you there! Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com Youtube (goo.gl)
Short
by Akil_Stokes
41
AUDCAD: BEARISH 2618Very clear and simple 2618 setup here on AUDCAD. Nice second target confluence just above the 0.97 psychological resistance. Entry: 0.97770 Stop: 0.98230 Target 1: 0.97230 Target 2: 0.97020 Keep in mind that the 2618 strategy has a win rate of 55-65%, and a R:R > 1:1. Trade it if it is in your plan and you have done the backtesting on this strategy. Remember: Very few people enjoy the grind of going through historical candles individually, however it is a necessary commitment to make. The level of confidence it brings you in faithfully executing the trading plan is considerable. Good trading, Luke
Short
by Beebags
USDCAD: LONG & SHORT SETUPSHi Traders, There are two trade setups I have identified on this pair, one long and one short. The bullish 2618 setup is as follows: Entry - 1.33430 Stop - 1.32950 Target 1 - 1.33930 Target 2 - 1.34180 The bearish Gartley setup is as follows: Entry - 1.34010 Stop - 1.34450 Target 1 - 1.33670 (at the 38.2% retracement of the CD leg) Target 2 - 1.33440 (at the 61.8% retracement of the CD leg) I haven't left the CD fib retracement on the chart as there would be too many lines, we need to see what we are doing! These two setups are not mutually exclusive however we must hit the 2618 long before moving higher into the Gartley entry. If we close above 1.33950 without a chance to enter the 2618 I will no longer be looking for that trade. Good trading, Luke
by Beebags
NZDUSD 1 Hour: Potential Short w/a Few Different Entry OptionsDespite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways, I'm looking for a short opportunity here on the Kiwi (which is also one of the weaker currencies) as we look to retest previous structure resistance for the 3rd time. Yup, 3rd time which means our double top has already occurred and we can now look for a......26-18 for a potential entry. A little hard to see on the hourly, but the view get's a lot clearer down on the 15 minute chart for you day traders. There's also a bearish Cypher pattern hidden in there for you advanced pattern only traders, or for those looking for an aggressive entry into the 2618. We'll look at this more in the live room today and remember gang, it's THURSDAY! So that means my Weekend Review video will be out. Make sure you head over to youtube and subscribe as I'll be doing a training lesson on the 4 Stages of trading and the evolution that a trader goes through. Just type "Akil Stokes" in and it'll take you where you need to go. See ya! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
6