2618 setup is completed in H4. Price has overshoot 61.8% level and touched 78.6% level (which is a better price to enter). Having said that, of course, there is a risk that price may just continued to fall and take out the lows of the double bottom. Another confluence for this trade is the buying opportunity here is in line with my earlier idea (see link below) -...
Looking for a good closing candle for entry at the low of the double bottom. After a .382 retracement, can play the 2618 back down to test structure again.
GBPCHF just put in a double top, followed by a breakaway and 618 retracement. Price put in a bunch of long wicks over the fib level on the hourly but didn't close above. Double top lines up with fib confluence of .382 and .5 fib retracements and previous structure low. Price is currently in a consolidation phase in a downtrend, expecting trend continuation at...
Daily - Market was in downtrend from March to July, before rallying back up and stalled at 50% retracement of the downtrend. That is also a resistance zone if we look left. H4 - We can see a double top formation with price broken below the neckline around 1.09 and is now potentially retracing upward towards 61.8% fib retracement for a 2618 trade. Will be looking...
A retrace into our previous level of structure would provide a bearish 2618 opportunity. This opportunity would also occur at the "C" leg of a potential Bullish bat pattern giving the trader the chance to extend 2nd targets and look to take profit/Stop & Reverse at the pattern completion. Akil "A Wild Week of Trading" www.youtube.com
EURCHF made a double top, broke out, and looks like it may be coming back up to the .618 This lines up with the .236 retracement of the ascending triangle breakout from a month ago, and recent structural resistance. Could take at profits at old low, but price may fall further to the bottom of the ascending triangle.
The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.
With the market testing multiple levels there is a strong double bottom and resistance point at 1.09032 as a long opportunity with a greater that 6 to 1 profit target margin.
Nothing too fancy today, just a nice and simple 2168 trade setup on the USDCAD. I'm still short this pair on a higher timeframe trade, but wanted to share this since the potential risk reward (depending on your rules of course) is exceptional.
2618 trade in the cards, confirmed by bearish BAT completing near .618 retracement
Currently watching closely this pair as it made a double bottom with divergence. I'm waiting for price to go above the "V" top and retrace to the 61.8 Fibonacci level to go long from there. Good luck, I will try to update this later.
you can see my last post about audusd 2618 outlook too, its already completed got some profit, and now price getting up and make new 26.18 trade .. i already post it on the comment here : but i haven't make the place to take a long .. so IMO price could drop to 938 and after that, price will go up to 95 or maybe 953 (crab and butterfly pattern) u can see on here
If you see now the price is already make double bottom,then new structure high. we can see now already going to 0.618 in my op, price will set first tgt on R3, then 2nd tgt is R5. hope you catch this.. comment would be nice
The very first trade idea...so go easy on me guys. This here is a Perfectly executed 2618 Trade. Double top confirmed, price broke neckline, price rallied back up to 61.8 Fibonacci retracement of the swing low triggering the trade at 1.96387 (spread included) with 1:1 R:R... Trade Plan: Stops placed 10pips from the first leg's highest high...T1 currently 26 pips...
Double Top Trade on GBPNZD M15 - Intraday Trade The very first trade idea...so go easy on me guys. This here is a Perfectly executed 2618 Trade. Double top confirmed, price broke neckline, price rallied back up to 61.8 Fibonacci retracement of the swing low triggering the trade at 1.96387 (spread included) with 1:1 R:R... Trade Plan: Stops placed 10pips from the...
I'm not quite sure if I missed this trade setup for a 2618 opportunity after the double bottom with divergence. Price missed the 61.8 retracement level for literally 1 pip and went straight up. As price already retraced from the last move to the upside, I'm not quite sure if it's a good idea to enter when it hits (IF it does) the 61.8 level. Maybe if you have any...
2618 TRADE SETUP: * Wait for price to break the resistance near 101.800 and then wait for the 61.8 retracement to get long. Cypher: * Be aware of how far price goes before retracing to the 61.8 level, as it may complete a Cypher pattern, in which we would have an opportunity to go short from there and then take the 2618 setup to go long. If price completes the...
Double Top at S/R RSI Bearish Divergence Waiting for a close below DT structure Then waiting for FIB618 retracement for entry This reversal also coincides with a possible Bearish Gartley pattern forming on the 1hr chart