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2618 Trade

AUDUSD (2618 and ABCs) - Daily Chart2618 Setup - double floor - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Flooe + 0.618 = 2618 There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for major retracement. MACD shows lower low expecting bullish impulse. Good Trading. - Daily Chart
Long
by DanielParra99
GBPUS Daily potential bear 2618Market, after that long drop, has shown an oversold condition on the RSI. If it decides to rally up, there might be a potential selling opportunity using the 2618 strategy. The 618 Fibonacci retracement lines up right some structure levels, so it might be a great area for entry. Stop loss will be above the previous top, using the ATR, and target would be a retest of the lower structure. Risk reward is a little over 1:1, so not a bad opportunity for swing traders trading the 2618.
Short
by Phil_Son
AMD bullish 2618 and bearish batAMD has been another quite great example for harmonic patterns trading since 2017. This one should be my 7th idea about AMD on TradingView,basically all of which are shown in this chart. Like BABA, I am more bullish on AMD and I still hold some longs from the last butterfly, so I won't take the bearish bat to short; I'll take some profit around here instead . To buy it back, this bullish 2618 will also be a confirmation entry for the same butterfly, so I'll focus on another opportunity to long around 10.00-10.20. Let's see how it goes!
NASDAQ:AMD
by Trader_Joe_Lee
2
Potential NZDJPY Moves on Weekly - Very TextbookThe NZDJPY has been making textbook moves for the past 5 or so months and nows the perfect time to see some changes. We had a wedge pattern forming, as well as a bat pattern within the wedge as a little reassurance to buy. Following the leg formed by the bat pattern, we turned around at the .618 giving us a very nice 2618 formation. Going on, theres now a couple of scenarios we could have here; 1. Long position continuing on with wedge pattern. - Look for a reversal around the NZDJPY 75.80 area. - Stop loss - just make sure you don't get a lower low lower close candle. If you do then close the trade and take the loss. - Take profit @ 78.04. Would recommend either trailing your stops as price goes up, or closing half your position @ 77.07 The other alternative; 2. Short position due to breakout. In this case; -When price gets to that 75.8 area, look for a lower low lower close candle (L3C). The magnified areas in the photo explain this. - You must wait for the close. Use the Daily chart to find the L3C candle. - Confirm the close on the weekly. There may be a retest of structure following the L3C so beware of a slight retracement.
by JoeyMvc
AUDJPY (Ending Diagonal, Butterfly Pattern and 2618) -4hEnding Diagonal confirmations: - 1 and 4 at same price - 5 clear points - take profits between 0.786 - 0.886 Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to go bullish towards 0.618 for 2618 bearish impulse, TP would be at -0.27 where I expect some type of pullback before bearish continuation from 50% to 0.786 -0.886 area, that's TP for Ending Diagonal. Good Trading
by DanielParra99
USDCAD (Butterfly Pattern and 2618 Setup) -1h Butterfly Pattern confirmations: - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - TP 0.382 TP2 0.618 (Fibo A-D) 2618 confirmations: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to continue bearish towards 1.618 (extension) where Butterfly Pattern will be completed and our bullish retracement will begin for 2618 Setup, wait for retracement at 0.618 and sell all the way down. Good Trading. -1h Chart
by DanielParra99
EURUSD (2618 and Shark Pattern) -4h ChartFirst there was a Deep Crab formation, which was completed by going bullish to previous resistance, after marking higher high it went bearish forming an Ending Channel, at that point I saw divergence, because the entire consolidation made a double floor insdie MACD, which gave us that bullish impulse for D completion of a Shark Pattern. At D there's a possible Double Top for our 2618 setup: - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 Take profits for Shark Pattern would be those 3 blue lines, first one is at 0.618 where 0.382 is, second one is at 0.382 where 0 is and third line would be at point C where point 5 of the Ending Channel is (back to where it all started) Good Trading.
Short
by DanielParra99
JPM Inside day after earnings and 2618JPM had an inside day after earnings; it could be a solid setup itself most of the time. In this case, it is also an bullish pattern and 2618 combination long, and now this inside day could be a confirmation entry! What's more, the earning gap already tested the previous gap resistance, so if the inside day is able to break to the upside, it could be a solid long trade! If it breaks to the downside first, this trade doesn't exist anymore. Let's see how it goes!
NYSE:JPMLong
by Trader_Joe_Lee