EURUSD - Bullish 2618 Opportunity

FX:EURUSD   Euro / U.S. Dollar
In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation.

Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the 2618 trade is about as conservative as it gets.

What you'd be waiting for is a move back down into the 61.8 Fibonacci retracement and either entering aggressively with a limit order at that level (or in that zone) or having that be the start of your "Kill-Zone" where you can then look for you entry reason.

If you're unfamiliar with this trade make sure to visit our site as we have a free training video on it. Good luck this week traders. I'm looking forward to seeing if I can throw together a positive week after getting somewhat beat up by the markets this past week.

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This setup is still valid, let me jump in as well,
+1 Reply
Nice, hopefully it worked out well for you!
The way the candles are setting up at this stage in the game, also has me looking at a 1.618 FIB Inversion Trade
+1 Reply
Akil_Stokes PRO BennyManieri
+4 Reply
Thanks for the chart share
Exactly my thoughts! :-)
+1 Reply
MartinKirkelundLedet PRO MartinKirkelundLedet
+1 Reply
Akil_Stokes PRO MartinKirkelundLedet
Thanks for showing you idea
Akil_Stokes PRO MartinKirkelundLedet
Thanks for the share
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