Similar to my Idea on the EURUSD 4 Hr Chart we have had a double bottom, structure broken, pull back into teh 618 area and then tend continuation the upside.
So after yesterdays News release its changed the flow and trend of this pair. We came right back down into previous support levels and bounced right back up and broke struckture to the upside. With this move it could now signal a change in Trend. Possible retracement back down to previous support around the 382 level but also the possibilty of a 618 retracement...
So looking at the current structure there is a possible pull back after the impulse leg down and opportunity to get short around teh 618 level which has shown signs of resistance before Looking at the larger time Frames we have had a big impulse leg down and the 618 level on the ! hr chart would fall in line with the A to B leg of a Daily Bearish Cypher. All...
Been watching for the last week or so and trying to get my analysis better, more on point to get teh best possible risk rewrad from my entries. Ss looking at this impulse leg Im expecting a pull back to teh 618 level before a further rise. On the Daily we have had a Double top form and impulse leg down and broken structure and now finally have some bullish...
Very decent long setup Several confluence, including Horizontal support 1.09724 Trend line pull back x2 Fibonacci 0.618 High probability level influencing price greatly Previous HH Made Looking for a HL Bears weakening shown by the long wick previously Take Profit:is based upon ABC(D) completion Stop Loss: Below structure support
I first want to note that this is a speculative idea, I may be seeing what I want to see instead of what is actually on the chart. But, with that said, there appears to similarities between the 2008 chart and the current chart. Additionally, if you hover over the blue ovals - for lack of a better word - on the chart, they should provide some context. Both periods...
Potential bullish 2.618 pattern.
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT -FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG -A B C D STRUCTURE HERE -THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT -FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.
2-618 PAIR: NZD/USD TIME-FRAME: 1HR TRADE: 2-618 Here we are in another brand new week of Trading. Waiting for a shorting opportunity at the 618% for a Potential 2-618% Trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com ...
Just a straight forward .618 retracement possible, or there could be a breakout below before. will watch and wait
Looking at this setup, I will be placing an ambitious entry to get the best possible R:R to target 1.
Eurusd is corrective for the moment, and it is in a interesting zone (for me). This is .618 and the bottom of this channel. The R/R is good and the stop is tight, about 30 pips. So for me it is worth a try
Hi Traders, Here we have a small Bearish 2618 setup formed with current price very near to entry. I like this setup as in this particular case the short side is in the direction of the higher time frame trend. Entry: 130.080 Stop: 130.400 TP1: 129.760 TP2: 129.610 Luke
I'm looking for price to continue with this well structured trade to the down side. Look for a rejection candle around the .618 (122.68) to get short. I'm looking to take profits around 122.00 even just in front of that huge bullish candle. My entry, stop and target is just an example of a low risk high probability trade. Good luck trading out there.
There is a possible ABCD Pattern setting up on the 60 minute chart. The .618 fib lines up with a nice structure level. I would for price to react strongly at that .618 level before getting long. If price keeps falling look at the next level which is the .886 on the 60 min. This is an even better R/R ratio. For target one you can use the structure over head at...
There is a lot of news surrounding bitcoin with money being invested by the big boys on wall street. So long term I believe bitcoin is going to go much higher. I would wait for a pull back into the .618 with structure on the Daily/240. This is probably the safest point to get in. Trade what you see, not what you feel.
The chart shows it all! Looking to long this AUDJPY bat pattern. When profit target 1 is hit we move stops to breakeven, but no profit will be taken here. All profit will be taken at the .618 (target 2). Stop level is also indicated. And as always, hold your thumbs!
A short opportunity on the GBPUSD with two entry opportunities and stop just above structure highs. R/R should measure just above 1.3