2018-2-14 1. NZD/USD just reached Previous Top on Daily Chart 2. Double Top has formed at this level 3. the market had been bearish with the break of neckline 4. we entered at 618 retracement
Previously We looked at a potential 2618 trade set up when the EURO was finding its support. Not that we've found it price has been making its way to a proper sell zone being at the 61.8% retracement level. Currently we are stalling at the 50% level but soon to be tested again after breaching the 32.8% level on its way to the upside. The anticipation for price to...
2018-2-9 1. Double Bottom formed at Previous Structure Support 2. We entered when the market breaks and retest short term support.
After the Euro has formed its High after the big rally, it created a double top also known as a reversal indicator. Looks like it has found a support level @1.2212 level. A good possibility for potential entry is if this pair makes its way back to the resistance level of 1.2394 which is also a selling opportunity. The 2618 Pattern recognizes the 61.8% level as a...
Price pulling back after break double bottom neckline. buy on pullback retest or wait at 61.8 level to use 2618 trade setup. target on chart, stop below double bottom
trendline break , price retest the neckline after previously make a double top . will consider to take short on retest neckline or 61.8 level to use 2618 trade setup. first target is in the support zone .
Just to quickly follow up on yesterday's post, our double top has made it's way down to retest the previous swing. This is what I consider a decision point, meaning that I would expect to see a fight between the buyers and the sellers to either project and hold that level or violate & push through. If we indeed get a violation of that level it would set up very...
2018-2-1 NZDCAD is retesting previous structure support with a double bottom formed.
Price made a double bottom then broke the down trend line and it may offer a buy at the 0.618% fib level . Potential target is on the chart .
You maybe want to trade this as a 2618 trade with stopploss above the double top. You can enter now because price pulled back to the 618 retracement already. Or you can wait for a bearish sign of whatever type you like for confirmation. Dont risk more than 1% of your trading account for the stopploss! good luck!
I dont like XRP to be honest. In my opinion its marketing and idea behind it is to raise its market cap and buy all the other REALLY important cryptos with much higher potential for growth. XRP and its utility in my opinion is not able to reach such high prices as eth or monero or whatever. We might stick in the 1-10$ range. Hopefully I will be wrong and many...
See description in the chart. Dont risk more than 1% of your capital, if you feel like risking that "little" will not make you rich or not even worth the effort then your account is simply too smal. go save some cash and come back. fact. learn how to calculate lot size and risk correctly!
It's already the 5th month, AMD has been a very significant example for harmonic patterns trading! The latest butterfly pattern with a inside week breakout combination worked well, and after it finished a daily double bottom, here comes another trading opportunity. This one looks so alike with the 1st trade at the end of August, too, both gave a double bottom as...
trendline broken, price now pullback. after previously make a double bottom. we can buy using 2618 trade setup and potentially make a inverted head and shoulders. risk reward on chart
Hey traders, wanted to follow up on my EURUSD trade idea from the other day with an update video sharing with you how the tradign scenerio has sprogressed. Akil
Hi traders eurusd might gives an opportunity with a bearish 2618. After eurusd made a DT (double top) and break structure to the downside passing the "valley", it retraced to Fib618 entering the potential reversal zone. Well at this point, it is close to be a short opportunity BUT in my case the SL is too wide for the maximum allowed, so, I need to wait for...