Trading_Jazz
Long

2618 setup / Long the 61.8 retracement / Short Crab // IF=THEN ®

FX:GBPUSD   British Pound / U.S. Dollar
FX:GBPUSD            

Let's see what the market is cooking, at the moment began a retracement and pulled in 61.8% from previous weekly support.

IF the price break the previous structure, and IF starts a new fall that reaches the 61.8%, it forges one bullish 2618 setup with expectations of an upward move that by "default" breaks the nearest structure pressure zones, or resistances in this case, generaly speaking, IT CAN give us a rally.

At the same time, and this is why i'm publishing this idea a second time, and deleted previous on time, an eventual Crab pattern (with the point C at its limit) appeared on my sight with a target near previous structure zone. (look left)

Long the 61.8% retracement
Short the Crab when completed (point D)

CRAB

Point B:
38.2% to 61.8% XA

Point C:
38.2% to 88.6% AB

Point D:
161% ext XA
224% to 316% ext AB

Targets:
TP1 61.8% CD
TP2 127% CD

Ratios:

Safe trades;

with the latest candle in TF 1 Hour, could we say the double bottom has been broken?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out