Hi guys, here on NZDJPY we've just tested a very important level on the daily timeframe, while creating a double bottom with RSI divergence on the lower timeframe (4H). This is a clear sign of reversal and could point to a change in trend on a long term basis (especially in the location we're). One of the way that you can trade double bottoms is by waiting for a...
I've had my eye on EURNZD for a while now, but more recently in the last week or two. The Euro has over the last week (actually since April 2017, but what's 12 months between ticks) staged quite the bullish run and the charge seems to be in full momentum (I should know on account of being on the wrong side of it recently and donating some to the market). Most...
Price still in the correction. Another sell will be taken when price complete bat pattern. Bat completion also confluenced with 61.8 level for 2618 trade setup.
2618 technique - double top - measure bearish impulse - retracement at 0.618 and sell - TP at -0.27 (previous support) Double Top + 0.618 = 2618 Good trading
shorting at 61.8 after recent double top... bat pattern currently in play 4hr time frame. Entry:106.793 Stop:107.149 Target 1 106.389 Target 2 106.013(61.8 of bat pattern)
So we had our breakdown work out pretty well so far. Now that the market has moved in the direction of our prediction..... What's Next? Well in this video I show you what I'm looking to trade next here on the EURUSD ahead of tomorrow's NFP.
At left side ABC pattern was completed which gave us that Elliott Impulse for completion at top, now we got a Double Top with 2618 setup - double top - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Top + 0.618 = 2618 I expect price to be bearish at this point. Good Trading. -Daily Chart
double top followed by 61.8 retrace ... just for personal tracking purposes
2618 technique - double top - measure bearish impulse - wait for retracement at 0.618 and sell - TP at -0.27 (previous support) Double Top + 0.618 = 2618 I drew some bars showing what I expect price to do. Good Trading.
Last time I posted the XYAB pattern for BTCUSD, which created a solid buy-low area; while on the other hand, it kept consolidating before 12,000 to form an inside week and it broke to the upside a little bit in the Asia market. So short-term speaking, this inside week breakout may be a nice set-up to long, and the 2618 upfront will be the sell-high area. Let's...
Price retest 61.8 level on the previous structure. we have another sell setup. Find any rejection to short or wait until break the flag correction
Price Complete AB=CD and reverse. Now price pullback on 61.8 to complete 2618 trade setup for our entry. we can aim at least previous high,and 2nd target is neckline
First we got a pretty good resistance with a double top, which means we have a possible 2618 trade: - double top - measure impulse - wait for retracement at 0.618 Double top + 0.618 = 2618 technique I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even...
Hello TV fans happy Chinese New Year, the vacation has come to an end so I'm back! -- GBPUSD has a daily 0.618 retracement and bounced off that, and formed a double bottom reversal sign. I'll be looking for smaller time frame reversal sign if it hits 1.3910, it's very close after the job number this afternoon, so I don't mind to take the inside 15 breakout or...
Perfect 2618 setup on the EURUSD pair. Double topped retraced and ready for short. RSI overbought with signs of divergence. Good RRR 3:1. Long-term bullish EUR. Short term USD can gain some strength. Good Luck
If price really have a deep pullback, i'll consider to take a short position. After previously price make a double top, for entry strategy we can use 2618 trade setup. 2 targets on chart, stop above the head
Straight forward 2618 set up. Currently respecting the top of the descending channel, 1.618 inversion lines up with lower structure 50 pip risk / 310 reward