EURUSD created a double bottom after a success run in the previous idea and in addition the 200MA is holding at the moment, Price has broken the neckline and validates the Double bottom 61.8% fib pattern. Strategy: 2618 Enter @ 61.8% and exit next horizontal resistance. For conservative entry, wait for price action reversal candle and enter
EURUSD -0.03% is currently floating in the 50% Fib and 61.8% Fib, Forming 2 Doji in the hourly chart (with inside bar ). Chart pattern: Head & Shoulders Good opportunity to short if price closes below 50% Fib targeting 1.17 Trade will be voided if it makes a new high.
Take profit horizontal line is where the 61.8% Fib RSI has broken the trendline to the downside, expecting momentum to continue within the triangle. Overall picture it's a bearish continuation pattern. Exit plan: Price breaks the trendline to the upside.
Simple Fibonacci + Resistance trade back down to retest the support. Strategy used: 2618 / Fib / Support-Resistance
CADJPY formed double top, broken the neckline and corrected to the sell zone. It's time to short this using the 2618 Strategy. More reason : Daily is currently inbetween 50MA and 200MA, It's a sell area for trend followers.
RSI finally broke the trendline on a daily timeframe and price is currently testing the downward trendline. Is the uptrend back? Next target is $175.
EURUSD just bounced from the 61.8% Fib Retracement and support furthermore on the daily chart i see an inside bar So i'll be taking a 1:1 RR trade using buy/sell stop orders on the 4hour chart
EURUSD nicely formed a double top on the daily timeframe, both RSI on the 4hr & daily shows bearish signs (divergence) Will be taking this pull back trade.
Good position to setup a long trade. RSI is showing a bullish divergence in the market currently. Price is currently at support region area. Taking profit 50% off @ 1st line (1st resistance) Rest of 50% @ 2nd line. (strong resistance)
Strategy used : FIB for entry 50-61.8% and bullish divergence formed on the RSI (14). Price has broken out of the horizontal resistance and trendline. and OIL is having a major bearish divergence (3 lower highs on the RSI14)
With all the news going around with exploration, politics with US & RUSSIA. i'm not fully convinced this will take off yet. Reason why i'm short term bearish on WTI is all based on what the chart is showing me. Right now price is showing a bearish divergence across 4 hourly and the daily timeframe. I'm taking this trade to the next support or trendline. If it...
BTCUSD, Currently there's bullish divergence in the hourly chart, price hit the major support. it's currently maintaining and showing a reversal pattern (double bottom) at this point of time on the 15mins/30 mins chart. i'll be taking this short trade to the upside. recommendation to take out profit $9262, but it could go higher if the momentum to upside is strong
A good area to buy is when the bounce happen on the trendline. Target 0.792
BTCUSD broke the triangle towards the downside, Will likely expect a continuation of bearish movement after pull back Looking to sell at the 50-61.8% area, Target: 9550 STOPS : 11650
GBPAUD showing a bullish hidden divergence, Price has consolidated at that point showing me a strong support at that level which is also currently floating around the 50EMA daily.. would take this trade til the first target at least. Stops : 1.726
WHEAT is in the selling area for the clear 2618 pattern. Profit taking area would be support.
Posted alittle late but this is my observation for LTCUSD, Formed a 2618, Good chance it'll visit the first support. Trading strategy formed a very nice double top. Visited back the 618, Made a very nice rejection and back to team bears again.
Fastest 1 Grand ever made with 1 Bitcoin? Let's find out. Going long on this. Strategy used: 2618 Setup on a 5min timeframe. Overview on the 15 mins.